The exchange rate of the Syrian pound declined today, Saturday, against the dollar and the euro in the parallel market, while the Central Bank of Syria proves the exchange rate in banks and banks’ transactions, while gold prices rose.
The exchange rate of the Syrian pound against the dollar today, Saturday, in the parallel market
- The exchange rate of the Syrian pound in Damascus and Aleppo declined to 9250 pounds against the dollar when purchasing from 8900 pounds registered yesterday, Thursday, while the price upon sale decreased to 9500 pounds per dollar from 9100 pounds.
- In Idlib, the exchange rate of the Syrian pound against the dollar decreased to 9,200 pounds per dollar from 8900 pounds upon purchase on Thursday, and upon sale the price of the Syrian currency against the dollar fell to 9300 pounds from 9 thousand pounds.
- In Hasaka, the exchange rate of the Syrian pound against the dollar declined to 9400 pounds against the dollar from 9100 registered in the last trading yesterday, while the sale price decreased to 9500 from 9200 pounds against the dollar registered yesterday evening.
The exchange rate of the Syrian pound against the euro today, Saturday, in the parallel market
- The exchange rate of the Syrian pound against the euro in Damascus and Aleppo declined to 9556 dollars when purchasing today, Saturday, from 9632 pounds, last Thursday, and the price upon sale decreased to 9820 pounds from 9844 pounds.
- In Idlib, the exchange rate of the Syrian pound against the euro declined to 9608 pounds from 9114 pounds upon purchase, registered yesterday evening, and upon sale the price decreased to 9716 from 9223 pounds.
- In Hasaka, the exchange rate of the Syrian pound against the euro fell to 9711 from 9533 pounds when buying yesterday, and to 9820 pounds upon sale from 9642 pounds registered yesterday.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria proves the exchange rate of the Syrian lira at the following levels:
- The exchange rate of the Syrian pound against the dollar is 13 thousand when purchasing, 13 thousand and 130 pounds upon sale.
- The exchange rate of the Syrian pound against the euro is 13 thousand and 507 pounds when purchasing, 13 thousand and 642 pounds upon sale.
Gold prices in Syria today, Saturday
The price of gold in Syria increased today, Saturday, compared to last Thursday, to these levels:
- 18 gram of gold: 655 thousand pounds.
- Gold of 21 carat gold: 764 thousand pounds.
- 24 -carat gold gram 870 thousand pounds.
Factors influencing the exchange rate of the Syrian lira
Experts believe that the exchange rate of the Syrian pound is affected by the following factors at this stage:
- The offer decreased from the Syrian pound and increased demand for it.
- Restricting cash withdrawal from banks.
- Raise the cost of obtaining liquidity.
- Tightening control of financial transactions.
- Increasing the activity of the commercial movement and promoting commercial activity contributes to the demand for the Syrian currency, and thus its value over the past period, compared to the time of the fall of the Bashar al -Assad regime.
- The salary of government employees was delayed last January, which led to a decrease in the width of the local currency in the market.
- The decision to dissolve the army of the former regime and its security apparatus, and isolated a large number of fictitious employees from the state institutions, contributed to the lack of the offer of the lira in the market, as a result of their demobilization, and thus the salaries of hundreds of thousands of them were stopped.
- Syrian President Ahmed Al -Sharaa’s ability to make official external visits to countries open the way for economic gains, and he recently visited Saudi Arabia and Turkey.
- The international Sharia moved internationally to contribute to the flow of international humanitarian aid to the country, to create infrastructure and support the economy.
- The United States has reduced its sanctions on Syria, which opened the way for transactions with government institutions and energy transactions, and allowed the transfer of personal funds to the country, including through the central bank.
