A rise in the exchange rate of the Syrian pound against the dollar today, Tuesday economy

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 continued to fix the exchange rate in official transactions.

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 10 thousand and 800 pounds from 10 thousand and 900 pounds upon purchase, while increasing to 10 thousand and 950 pounds from 11 thousand and 50 pounds upon sale.
• In Hasaka, the exchange rate of the lira stabilized at 10 thousand and 850 pounds when purchasing, and 11 thousand pounds when selling in today’s transactions, which is the level recorded yesterday evening.

The exchange rate of the Syrian pound against the dollar in official transactions

The Central Bank of Syria continues to stabilize the exchange rate of the Syrian pound against the dollar at 12 thousand when buying and 12 thousand and 120 pounds upon sale, according to its publication issued today, Tuesday.

https://www.youtube.com/watch?v=tmb53kirqic

Factors affecting the exchange rate of the Syrian lira

External factors

• The European Union is considering extending the suspension of the 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 intends to reduce the sanctions imposed on Syria, and to provide new humanitarian funding for 84 million Canadian dollars ($ 58.4 million).
• Last month, Britain deleted 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 US 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.

Local factors

• Syrian President Ahmed Al -Shara announced late last month to form a transitional government.
• The Central Bank of Syria raised the exchange rate of the Syrian pound against the dollar to 12 thousand pounds when buying recently, and continues to install this level.
• The Central Bank of Syria allowed banks and licensed cards to pricing the lira in exchange for foreign currencies in a certain margin of a certain margin than the official price issued in the “Central” bulletins, which would compete with the parallel market.
• The number of employees in the country decreased after the demobilization of a large number of 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.