The exchange rate of the Syrian pound against the dollar increased in the parallel market transactions, today, Sunday, while it recorded stability in official transactions according to the Syrian Bank’s Central Bank bulletin.
The exchange rate of the Syrian pound against the dollar in the parallel market
- The exchange rate of the Syrian pound against the dollar in Damascus, Aleppo and Idlib increased to 9400 pounds from 9700 when purchasing, registered yesterday evening, and when the sale rose to 9600 from 9850 pounds, at the time of writing this report.
- In Hasaka, the exchange rate of the Syrian pound against the dollar increased to 9400 pounds from 9600 pounds when purchasing, and to 9600 from 9800 when selling.
The exchange rate of the Syrian pound against the dollar in official transactions
The Central Bank of Syria established the exchange rate of the lira against the dollar at 13 thousand and 200 pounds when purchasing, and 13 thousand and 332 pounds upon sale according to the Central Bank of Syria bulletin issued today.
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Factors influencing the exchange rate of the Syrian lira
The exchange rate of the Syrian pound is affected by many factors, economic experts say, to Al -Jazeera Net, that among them:
- The draft announcement last week that the European Union intends to suspend sanctions imposed on Syria related to the fields of energy, transportation and reconstruction.
- The issuance of the Office for the Implementation of Financial Sanctions (OFSI) in the British Treasury Department a few days ago, a license aimed at facilitating humanitarian activities in Syria, and securing the access of aid to the most destructive segments, despite the economic sanctions imposed on the country.
- Syria received 300 billion pounds last Friday from Russia via Damascus International Airport as part of a location between the former regime and Russia to print the currency.
- The number of employees in the country decreased, after a large number of fictitious employees were demobilized.
- The previous regime’s army and its police dissolved. In previous years, the largest exchange went to the branches of security and the army, and it is the one who obtained the largest share of the money that moves the markets.
- Failure to pay the salaries of retired military personnel, as well as the salaries of retirees and their families who retired in 1985 and before.
- The decrease in the supply of the lira against the requirements of the markets, which strengthened the increase in commercial activity.
- The high cost of obtaining the lira with a decrease in the supply of the Syrian currency.
- The European Union and the United States reduced their sanctions on Syria, which opened the way for transactions with government institutions and energy transactions, and allowed the transfer of personal funds to the country, including through the Central Bank of Syria.
