The exchange rate of the Syrian pound against the dollar continued today, Wednesday, to decline in the parallel market transactions in the Syrian cities, while the Central Bank of Syria continued to fix the price in official transactions.
The exchange rate of the Syrian lira in the parallel market
- The exchange rate of the Syrian pound against the dollar in Damascus, Aleppo and Idlib declined to 11 thousand and 400 pounds from 11 thousand and 325 when purchasing and to 11 thousand and 500 pounds upon sale from 11 thousand and 425 when selling.
- The lira fell to 11 thousand and 500 pounds in Hasaka 11 thousand and 400 when purchasing and to 11 thousand and 600 pounds from 11 thousand and 500 upon sale.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria has established the exchange rate of the lira against the dollar at 12 thousand when purchasing, and 12 thousand and 120 pounds upon sale, according to its publication issued today, Tuesday.
https://www.youtube.com/watch?v=a_7msfyaqam
Factors affect the exchange rate of the Syrian pound
Penalization
- The European Union is studying the extension of the suspension of sanctions, noting that its accurate follow -up developments in the Syrian situation.
- Canada is considering alleviating its penalties for Syria, and announced its intention to provide humanitarian aid with 84 million Canadian dollars (about 58.4 million US dollars).
- The United States temporarily suspended some sanctions imposed on Syria, which allowed transactions with government institutions and the energy sector, and also allowed the transfer of personal funds, even from the Central Bank of Syria.
- Britain removed last month 24 Syrian entities from the sanctions list, including the Central Bank and banks and oil companies, which raised the freezing of assets.
Local factors
- The appointment of Syrian President Ahmed Al -Shara, Abdel -Qader Al -Huhair, as a new ruler of the central bank, to succeed Maysa Sabreen.
- The Central Bank of Syria raised the official exchange rate of the wira against the dollar to 12 thousand pounds when purchasing, and this level is still proven.
- The central bank of banks and licensed exchange companies allowed to determine exchange rates within a specific margin of the official price.
- The number of employees in state institutions witnessed a significant decline in the demobilization of the fictitious employees and the dissolution of the army of the previous regime and its police, the two sides that were consuming the major share of government spending.
