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In his post as
Governor of the Central Bank, he was determined to re-establish Syria's industrial sector passing laws that favored free markets; including one which the ownership of factories and the nationalized property were to be returned to their original proprietors, and those proprietors also
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Port, and one year later appointed
Director of Customs becoming an aide to the Minister of Finance. In 1956, Izzat Traboulsi composed the financial structure of Syria and thus became the first Governor of the Central Bank. His signature appears on Syrian bills between the years of 1956 and 1961.
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On
October 8, 1961, it was announced that the cabinet had formed a 13-man committee on economic and financial reform under the chairmanship of Dr. Izzat Traboulsi. The committee was to tender its recommendations to the union within one month. (R. Damascus, Oct 8 1961; Jaridah. Oct 10, 14 1961)
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in Beirut, studying medicine. His interest in Law, however, overcame him and, after completing two months at Saint Joseph, returned to
Damascus to study Law at the University of Damascus. After practicing law for a short period, in around 1939, he participated in and won a government-funded
412:(Baath Party) came to power on March 8, 1963 reinstating the socialist system, dependent on Abdel Nasser's model in Egypt and both al-Azm and al-Qudsi fled into exile, thereby isolating Dr. Traboulsi from his homeland. Dr. Traboulsi thus settled in Beirut for the remaining of his life.
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La Banque centrale de Syrie: Son histoire, sa création, et sa mission ; Aperçu détaillé, extrait d'une Conférence du Dr. Izzat
Traboulsi, à l'Université américaine de Beyrouth, le 29/3/57; Traboulsi, Izzat. Damas, Syrie. 1957. Bureau des documentations syriennes et arabes, Textes
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Izzat
Traboulsi became "one of the most prominent political and economic figures in Syria" while occupying the post of Minister of Economy and Trade during the politically turbulent time between the post-UAR period and Baath Party administration, forming Syria's financial structure.
291:, where he obtained a PhD in Economics. As the Second World War began, he stayed in Paris until 1945 completing his PhD and studying Political Science; he was shortly imprisoned during the war, possibly for his affiliation with co-founding the
376:, the Syrian Minister of Economy, said that the government favored Dr. Traboulsi's endorsement of free trade and fair competition, however, the parliament would have to deal with the question of whether nationalization should be repealed.
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Dr. Izzat
Traboulsi resigned from the Syrian Central Bank at the end of January 1961, allegedly in protest against Cairo's refusal to free Syrian assets frozen in Egypt. (Jaridah, Feb 5 1961). Dr. Traboulsi was said to have warned Dr.
428:, who was credited with rescuing the country's finances and implementing a policy of modernization and reform; accordingly, Dr. Traboulsi was granted a Saudi passport until around 1971. In the late 1960s, Dr. Izzat Traboulsi lived in
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Prime
Minister – who opposed the union with Egypt arguing that Nasser would destroy Syria's democratic system and free market economy. Dr. Traboulsi returned to Syria as Minister of Finance.
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Izzat
Traboulsi quickly ascended in his professional career: In 1947, he became the Director of the Syrian Ministry of Finance. On both 19 June 1947 and 23 August 1947, he attended the
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299:, Omar Hakim, and Hafez Ibrahim of Tunisia. Upon completing his studies, he returned to Syria to teach at the University of Damascus, and assumed a judicial post in Damascus.
405:, attempted to purge pro-Nasserist elements that were still permeating within the Syrian government, and reverse the austere program of nationalization instituted by Nasser.
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465:“Studies of public finances”, in conjunction with former Syrian Minister Awad Al-Barakat, which includes Dr. Traboulsi’s political and economic development in Syria.
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Izzat
Traboulsi earned his Baccalauréat diploma at the age of 16, and traveled to Lebanon to pursue a medical degree. He began his university career at the
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325:. Traboulsi’s accomplishment could be attributed to Syria’s 80% GDP expansion in the 1960s reaching a peak of 336% of total growth during the 1970s.
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in Beirut, Lebanon and remained in this post until he resigned in 1997, when he was appointed Chairman and Board adviser until his death in 2000.
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collapsed as a result of a coup d'état in the same year, 1961, Dr. Traboulsi was denied the right to return in Syria.
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in 1962. His ideas and actions had an important influence on the Syrian financial institutions.
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Although supporting Gamal Abdel Nasser, Dr. Traboulsi left Syria on the recommendation of
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for around two years. Later, in around 1972, he composed the financial structure of the
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competition which enabled him to travel to Paris with a scholarship to study at the
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politician, economist, banker, and writer. He was the first governor of the
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to be compensated for their loss during those years of acquisition by the
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on account of his opposition for currency-unification. After the
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Arabic : Dr. Traboulsi's signature is shown on the right
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on behalf of Syria. In 1950, he became the director of the
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In 1987, Dr. Traboulsi was appointed General Manager of
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591:Middle East Record Volume 2, 1961 By Yitzhak Oron
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408:However, before this could be achieved, the
445:Banque Nationale de Paris Intercontinentale
250:. Unsourced material may be challenged and
310:United Nations Economic and Social Council
270:Learn how and when to remove this message
47:17 September 1962 – 8 March 1963
614:"Group Milestones - About Us, BLOM BANK"
443:In 1973, Dr. Izzat Traboulsi became the
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141:(2000-12-06)
102:Succeeded by
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565:WTO Session
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295:along with
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503:1 December
479:References
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212:Education
178:Ph.D.Econ
86:1956–1961
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513:cite web
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