The exchange rate of the Syrian pound against the dollar today, Monday, settled in the parallel market transactions in the Syrian cities, while the Central Bank of Syria continued to stabilize prices in official transactions.
The exchange rate of the Syrian lira in the parallel market
The exchange rate of the Syrian pound in Damascus, Aleppo, Idlib and Al -Hasaka stabilized at 11 thousand and 100 pounds when purchasing and 11 thousand and 200 when selling, which are the levels recorded yesterday evening.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria continued to fix the exchange rate of the lira against the dollar at 12 thousand when purchasing, and 12 thousand and 120 pounds upon sale, according to its publication issued today, Monday.
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Factors affecting the exchange rate of the lira
Penalization
- The European Union is studying the extension of the suspension of sanctions, noting that its accurate follow -up developments in the Syrian situation. Canada is considering alleviating its penalties for Syria, and announced its intention to provide humanitarian aid with 84 million Canadian dollars (about 58.4 million US dollars).
- The United States temporarily suspended some sanctions imposed on Syria, which allowed transactions with government institutions and the energy sector, and also allowed the transfer of personal funds, even from the Central Bank of Syria.
- Britain removed last month 24 Syrian entities from the sanctions list, including the Central Bank and banks and oil companies, which raised the freezing of assets.
Local factors
- Syrian President Ahmed Al -Shara, Abdel -Qader Al -Huhair, appointed a new ruler of the central bank, succeeding Maysa Sabreen, who resigned a few weeks ago.
- The Central Bank of Syria raised the official exchange rate of the wira against the dollar to 12 thousand pounds when purchasing, and this level is still proven.
- The central bank of banks and exchange companies licensed to determine exchange rates within a specific margin of the official price, in a move aimed at reducing the difference with the parallel market.
- The number of employees in state institutions witnessed a significant decline in the demobilization of the fictitious employees and the dissolution of the army of the previous regime and its police, the two sides that were consuming the major share of government spending.
