The exchange rate of the Syrian pound against the dollar – today, Wednesday, increased slightly in the parallel market in the Syrian cities, at a time when the Central Bank of Syria continued to fix the exchange rate in official transactions.
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 10 thousand and 625 pounds upon purchase, from 10 thousand and 650 pounds recorded yesterday evening. While the price when selling increased to 10 thousand and 725 pounds from 10 thousand and 750 pounds.
- The exchange rate of the lira in Hasaka increased to 10 thousand and 650 pounds when purchasing, and 10 thousand and 750 pounds upon sale, from 10 thousand and 850 pounds, registered yesterday evening.
The exchange rate of the Syrian lira in official transactions
The “Central” continues to install 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.
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Factors affecting the exchange rate of the Syrian lira
Local
- President Ahmed Al -Sharaa appointed a new ruler of the Central Bank of Syria, Abdul Qadir Al -Huhair, after weeks of Maysa Sabreen submitting her resignation from the position.
- Sharia was late last month a transitional government.
- 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 in exchange for foreign currencies to increase or less by a certain margin than the official price issued in the “Central” bulletins, which constitutes a competition for 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 greater amount of government exchange.
International
- 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 sanctions on Syria, which opened the door for dealings with government institutions and energy transactions, and allowed the transfer of personal money to the country, including the Central Bank of Syria.
