The exchange rate of the Syrian pound against the dollar today, Thursday, declined in the parallel market transactions in the cities of Syria, while Hasaka was an exception, as the exchange rate witnessed an increase, at a time when the Central Bank of Syria established the prices of official transactions.
The exchange rate of the Syrian pound against the dollar in the parallel market
- The purchase price of the Syrian pound in Damascus, Aleppo and Idlib declined to 9650 pounds from 9600 pounds registered yesterday evening, while the selling price decreased to 9850 pounds from 9800 yesterday.
- In Hasaka, the exchange rate rose to 9600 pounds from 9700 when purchasing, and to 9800 pounds from 9900 when selling, registered yesterday evening.
The exchange rate of the Syrian pound against the dollar in official transactions
The Central Bank of Syria has established the exchange rate of the Syrian pound against the dollar at 13 thousand and 200 pounds when purchasing, and 13 thousand and 332 pounds upon sale.
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Factors influencing the exchange rate of the Syrian lira
External factors
- The European Union has suspended a package of sanctions imposed on Syria, some of which are related to energy, banks, transportation and reconstruction.
- The Office for the Implementation of Financial Sanctions (OFSI) issued a license to facilitate humanitarian activities in Syria, and to secure the access of aid to the most destructive segments, despite the economic sanctions imposed on the country.
- The United States temporarily raised its sanctions on Syria, which opened the way for dealings with government institutions and energy transactions, and allowed the transfer of personal funds to the country, including through the Central Bank of Syria.
Internal factors
- Syria has received 300 billion pounds recently coming from Russia via Damascus International Airport as part of a location between the former regime and Russia to print the currency.
- The number of employees in the country decreased, after a large number of fictitious employees were demobilized.
- The previous regime’s army and its police dissolved. In previous years, the largest exchange went to the branches of security and the army, and it is the one who obtained the largest share of the money that moves the markets.
- The decrease in the supply of the lira against the requirements of the markets, which strengthened the increase in commercial activity.
