The exchange rate of the Syrian pound against the dollar – today, Wednesday, continued its leaps after US President Donald Trump announced his intention to lift the full sanctions on Syria, which brings it back to natural economic dealings.
US President Donald Trump met with Syrian President Ahmed Al -Shara in Saudi Arabia today.
Trump said today that the normalization of relations with Syria begins to meet Sharia, noting that the move aims to give Syria a new start.
The exchange rate of the Syrian lira in the parallel market
- The exchange rate of the Syrian pound in Damascus, Aleppo and Idlib increased to 8,500 pounds when purchasing from 9100 pounds, while increasing to 8800 pounds from 9300 pounds upon sale.
- In Hasaka, the exchange rate of the lira rose to 8400 pounds from 9600 pounds when purchasing, and to 8600 pounds from 9700 pounds upon sale.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria has established the exchange rate of the lira against the dollar at 11 thousand for purchase and 11 thousand and 110 pounds, which is the new price approved yesterday.
Factors affecting the exchange rate of the Syrian lira
- US President Donald Trump announced the fullest sanctions against Syria and his meeting with President Ahmed Al -Shara, marking the normalization of relations.
- Syrian President Ahmed Al -Sharaa visited France last Wednesday, on his first trip to Europe since the overthrow of Bashar al -Assad last December.
- Qatar and Saudi Arabia have pledged to pay the arrears due to Syria to the World Bank, which amounts to about $ 15 million, in preparation for granting millions of dollars for reconstruction and public sector support.
- Qatar submitted an initiative to cover the salaries of public sector in Syria, in a move that observers considered a turning point in the path of recovering the Syrian economy after decades of corruption and 14 years of continuous conflict.
- Britain raised the freezing of assets imposed on the Syrian defense and interior ministries and a number of intelligence services, and previously removed 24 Syrian entities – including the Central Bank, banks and oil companies – from the sanctions lists.
- Return of cooperation with the International Monetary Fund: Syrian Finance Minister Mohamed Youser Burniyah announced the appointment of Ron van Roden as the first president of the International Monetary Fund mission to Syria, in a first step of its kind in 14 years.
- The Central Bank of Syria has established the exchange rate of the lira against the dollar at 11 thousand for purchase, while maintaining the installation of this price at the present time.
- The Central Bank of Banks and exchange companies licensed to determine exchange rates within a specific margin on the official price, which provides a broader field of movement in the market.
