The exchange rate of the Syrian pound against the dollar increased today, Tuesday, in the parallel market in the Syrian cities, while the Central Bank of Syria reduced the exchange rate in official transactions.
The exchange rate of the Syrian lira in the parallel market
- The Syrian pound in Damascus, Aleppo and Idlib rose to 9700 pounds against the dollar from 10 thousand and 600 pounds when purchasing, and to 10 thousand pounds from 10 thousand and 700 pounds upon sale.
- In Hasaka The exchange rate of the lira when purchasing increased to 9900 pounds from 11 thousand pounds, and at the sale increased to 10 thousand pounds from 11 thousand and 100 pounds.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria reduced the exchange rate of the Syrian lira in official transactions to 11 thousand pounds when purchasing from 12 thousand, and to 11 thousand and 110 pounds from 12 thousand and 120 pounds upon sale, according to the bulletin issued this morning Tuesday.
As for the euro, the central set the purchase price of 12 thousand and 227 pounds, and the sale is 12 thousand and 349 pounds.
Factors affecting the exchange rate of the Syrian lira
- Syrian President Ahmed Al -Sharaa issued a decree to cancel all the reserve reservation decisions issued during the period between 2012 and 2024, which affected the property of thousands of Syrian citizens.
- The Syrian President 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.
- The State of Qatar has submitted an initiative to cover public sector salaries 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.
- The United States suspended some sanctions imposed on Syria temporarily, which allowed the implementation of financial transactions with government institutions and vital sectors, including the energy sector, and it was also allowed to transfer personal funds even through the Central Bank of Syria.
- Syrian Finance Minister Mohamed Yusr Burniyah announced the appointment of Ron van Roden as the first president of the International Monetary Fund mission to Syria, in a first -of -year move in 14 years.
- 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.
