The increase in the exchange rate of the Syrian pound against the dollar today, Sunday economy

The exchange rate of the Syrian pound against the dollar today, Sunday, increased in parallel market transactions, while it recorded stability in official transactions, according to the Syrian Bank’s Central Bank bulletin.

This comes after the measures taken by the new Syrian administration last week to dissolve the People’s Assembly and stop the work of the 2012 constitution and appoint Ahmed Al -Shara as President of Syria in the transitional phase, and successive congratulations from the countries of the region, and a visit to Saudi Arabia is the first to be made by Sharia.

Parallel market transactions

• The exchange rate of the Syrian pound against the dollar today, Sunday, in Damascus and Aleppo, rose to 9750 pounds for purchase from 9900 pounds against the dollar, registered in trading yesterday evening, and upon sale the price increased to 9850 pounds from 10 thousand pounds against the green currency in trading yesterday evening.
• In Idlib, the exchange rate of the Syrian lira today, Sunday, against the dollar, rose to 9500 pounds when purchasing from 9900 pounds against the dollar upon purchase, registered yesterday evening, and upon sale the Syrian currency rose to 9600 pounds from 10 thousand pounds.
• In Hasaka, the exchange rate of the Syrian lira today, Sunday, against the dollar, increased to 10 thousand pounds when purchasing from 10 thousand and 200 registered yesterday evening, and when the sale rose to 10 thousand and 100 pounds from 11 thousand and 300 pounds against the dollar.

The exchange rate of the lira at the “Central”

In the Central Bank, the Syrian lira exchange rate stabilized at 13,000 for purchase against the dollar, while 13 thousand and 130 pounds were for sale against the dollar, according to the recent Central Bank of Syria bulletin issued last Thursday.

https://www.youtube.com/watch?v=yd0fbc_f6p8

Factors affecting the exchange rate of the lira

• Ahmed Al -Shara’s visit to Riyadh today, Sunday, on an official visit to Saudi Arabia.
• Ahmed Al -Sharaa assumed the presidency of Syria in the transitional phase.
• Cancellation of the 2012 constitution.
• The Arab Socialist Baath Party, the People’s Assembly, the army, and the security services affiliated with the regime of ousted President Bashar al -Assad.
• The Syrian Finance Minister, Mohamed Abazid, discussed his country’s financial situation and the possibilities of alleviating the sanctions imposed on it at his first meeting with European Union officials since the opposition was overthrown by Bashar al -Assad’s regime last year.
• The United States reduces its sanctions on Syria, allowing transactions with government institutions and some energy transactions, and allowing the transfer of personal funds to Syria, including across the Syrian Central.
• Syrian banks refrain from pumping the local currency into the market, pushing merchants and manufacturers towards selling the dollar to obtain the local currency from the parallel market to run their business.
• The government retains limited quantities of the lira to fulfill the increase in employee salaries by 400% starting from next month, which increases the government’s request to the lira.
• The high quantities offered from the dollar, and the central bank holds the lira precautions.
• The Central Bank of Syria directed commercial banks to cancel the freezing of bank accounts except for those frozen under official decisions, including those concerned with businessmen linked to the Assad regime.
• The Minister of Economy, Basil Abdel Hanan, announced a plan to stabilize the exchange rate in order to stabilize the markets and move the wheel of trade.