The exchange rate of the Syrian pound against the dollar increased today, Monday, during the parallel market transactions in the Syrian cities, while the Central Bank of Syria continued to fix the price in official transactions.
The exchange rate of the Syrian lira in the parallel market
- The exchange rate of the Syrian pound against the dollar in Damascus, Aleppo and Idlib increased to 10 thousand and 850 pounds when purchasing from 10 thousand and 950 pounds registered yesterday evening, while increasing to 10 thousand and 950 pounds upon sale from 11 thousand and 50 pounds.
- The exchange rate of the lira in Hasaka stabilized at 11 thousand and 50 pounds against the dollar when purchasing, and 11 thousand and 150 pounds upon sale.
The exchange rate of the Syrian pound against the dollar in official transactions
The Central Bank of Syria continues to fix the exchange rate of the lira against the dollar at 12 thousand when buying, and 12 thousand and 120 pounds upon sale, according to its publication issued today, Monday.
https://www.youtube.com/watch?v=tmb53kirqic
Factors affecting the exchange rate of the Syrian lira
- The European Union considers the possibility of extending the suspension of sanctions imposed on Syria, while closely monitoring the situation in the country, according to the expression of the leaders of the bloc last month.
- Canada is moving towards reducing the sanctions imposed on Syria, and providing new funding for humanitarian aid with 84 million Canadian dollars ($ 58.4 million).
- Last month, Britain removed 24 Syrian entities from the sanctions list, including the central bank, other banks and oil companies, and these entities are no longer subject to the freezing of assets.
- The United States temporarily lifted sanctions on Syria, which opened the door for dealings with government institutions and energy transactions, and allowed the transfer of personal funds to the country, including the Central Bank of Syria.
- Syrian President Ahmed Al -Shara, Abdel -Qader Al -Huhair, appointed a new ruler of the Central Bank of Syria, after weeks of Maysa Sabreen submitting her resignation from the position.
- The “Central” raised the exchange rate of the lira against the dollar to 12 thousand pounds when buying recently, and continues to install this level.
- The Central Bank of Banks and licensed exchanges allowed the pricing of the lira for foreign currencies to increase or reduce a certain margin than the official price issued in the “Central” bulletins, which constitutes a crowding out for the parallel market.
- The number of employees in the country decreased significantly after the demobilization of the fictitious employees and the solution of the previous regime’s army and its police, two sides that have acquired during the past years the greatest amount of government exchange.
