The exchange rate of the Syrian pound against the dollar continued to decline in the parallel market transactions today, while 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 declined to 12 thousand and 600 pounds when purchasing from 12 thousand and 200 pounds registered yesterday evening, and the price decreased when selling to 12 thousand and 700 pounds from 12 thousand and 300.
- In Hasaka, the lira fell to 12 thousand and 900 against the dollar when purchasing from 12 thousand and 600 pounds registered yesterday evening, and it decreased to 13 thousand from 12 thousand and 700 pounds upon sale.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria continued to fix the exchange rate of the lira in official transactions at 12 thousand when purchasing, and 12 thousand and 120 pounds upon sale, according to the bulletin issued today, Monday.
Factors affecting the Syrian pound
- The United States temporarily suspended 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.
- The European Union looks In the possibility of extending the suspension of sanctions imposed on Syria, while closely monitoring the situation in this country, according to the expression of the leaders of the bloc last month.
- It removed Britain Last month, 24 Syrian entities from the sanctions list, including Central Bank Other banks and oil companies, these entities are no longer subject to the freezing of assets.
- 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” allowed the banks and the licensed exchanges to prosecut the lira in exchange for foreign currencies, which increases or decreases with a certain margin than the official price issued in the “bank” bulletins, which constitutes a competition 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.
