Relative stability in the exchange rate of the Syrian pound against the dollar today, Thursday economy

The exchange rate of the Syrian pound stabilized against the dollar today, Thursday, in the parallel market in a relative manner after successive heights this week, especially with Ahmed Al -Sharaa as President of the Republic and his successive two visits to each of the Saudi capital, Riyadh and Turkish Ankara.

In official transactions, the Syrian pound continued to persist against the dollar, according to the Central Bank of Syria bulletin.

The exchange rate of the Syrian pound against the dollar in the parallel market

• In the exchange rate of the Syrian pound against the dollar at 9600 pounds when purchasing and 9700 pounds upon sale, the prices recorded yesterday, Wednesday.
• In Idlib, the exchange rate of the Syrian pound increased to 9100 when purchasing from 9200 pounds registered yesterday evening, and at the sale increased to 9200 from 9300 pounds against the dollar.
• The exchange rate of the Syrian pound against the dollar in the parallel market in Damascus and Aleppo declined to 9300 pounds when purchasing from 9200 registered yesterday evening, while the selling price decreased to 9500 pounds from 9400 pounds registered yesterday.

The exchange rate of the Syrian lira at the Central Bank of Syria

The Central Bank of Syria remained the exchange rate of the Syrian pound at 13 thousand pounds for purchase, and 13 thousand and 130 pounds upon sale, according to the official bulletin issued today, Thursday.

Economy experts describe prices without the exchange rates of the central bank that sweep the parallel exchange markets in Syria as a “rare case”.

Factors affecting the exchange rate of the Syrian lira

• Syrian President Ahmed Al -Shara visited Turkey and Saudi Arabia after his name as President of Syria, and met Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.
• The new Syrian administration issued decisions to cancel the work of the 2012 constitution, and the dissolution of the Arab Socialist Baath Party, the People’s Assembly, the army, and the security services of the regime of ousted President Bashar al -Assad.
• America has reduced sanctions on Syria to open the way for transactions with government institutions and energy transactions in addition to transferring personal money to the country, including through the central bank.

• Last week, Syrian Finance Minister Mohamed Abazid discussed the possibility of easing the sanctions imposed on Syria at his first meeting with European Union officials since the overthrow of Bashar al -Assad’s regime in December last year.
• The increase in the supply of the dollar, with the central bank constiping reserves from the lira.
• Syrian banks do not pump the lira into the market, which causes merchants and manufacturers to dispense with the dollar to obtain the lira from the parallel market to run their business.