The exchange rate of the Syrian pound against the dollar fell in trading today, Tuesday, in the parallel market, while the currency recorded stability in official transactions, according to the Syrian Bank’s Central Bank bulletin.
The exchange rate of the Syrian pound against the dollar in the parallel market
- The exchange rate of the Syrian pound in the parallel market today, Tuesday in Damascus and Aleppo, decreased to 10 thousand and 500 pounds when purchasing from 10 thousand and 250 pounds and to 10 thousand and 700 pounds upon sale compared to 10 thousand and 450 pounds registered yesterday evening.
- In Idlib, the exchange rate of the Syrian lira decreased to 10 thousand and 500 pounds from 10 thousand and 300 pounds upon purchase, and to 10 thousand and 700 pounds from 10 thousand and 500 pounds upon sale.
- In Hasaka, the exchange rate of the Syrian pound fell to 10 thousand and 300 pounds from the level of 10 thousand and 100 pounds registered yesterday evening, and it decreased to 10 thousand and 500 pounds from 10 thousand and 300 pounds when purchasing.
The exchange rate of the Syrian pound against the euro in the parallel market
- The exchange rate of the Syrian pound against the euro in Damascus and Aleppo decreased to 10 thousand and 975 pounds from 10 thousand and 841 pounds upon purchase and to 11 thousand and 189 pounds upon sale from 11 thousand and 55 pounds registered yesterday evening.
- In Idlib, the exchange rate of the lira against the euro decreased to 11 thousand and 79 pounds from 10 thousand and 893 pounds upon purchase and to 11 thousand and 293 pounds from 11 thousand and 108 pounds upon sale.
- In Hasaka, the exchange rate of the lira against the euro decreased to 10 thousand and 766 pounds from 10 thousand and 574 pounds upon purchase and to 10 thousand and 980 pounds from 10 thousand and 789 pounds upon sale.
The exchange rate of the Syrian lira today, Tuesday, in official transactions
The Central Bank of Syria has established the exchange rate of the lira against the dollar at 13 thousand and 200 pounds when purchasing and 13 thousand and 332 pounds upon sale, according to the Central Bank of Syria bulletin issued today.
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Gold prices
The price of gold increased in today’s transactions as follows:
- 18 gram: It increased to 751 thousand pounds from 713 thousand pounds yesterday.
- 21 gramHe went up to 875 thousand pounds from 831 thousand pounds yesterday.
- 24 gramIt rose to 997 thousand pounds from 946 thousand pounds yesterday.
Factors influencing the exchange rate of the Syrian lira
Economists told Al -Jazeera Net that the exchange rate of the Syrian pound is affected by many factors, including:
- Syria announced that it had received 300 billion pounds last Friday from Russia through Damascus International Airport as part of a location contract between the former regime and Russia to print the currency.
- The number of employees in the country decreased, after a large number of fictitious employees were demobilized.
- The previous regime’s army and its police dissolved. In previous years, the largest exchange went to the branches of security and the army, and it is the one who obtained the largest share of the money that moves the markets.
- Failure to pay the salaries of retired military personnel, as well as the salaries of retirees and their families who retired in 1985 and before.
- The supply of the lira fell against the requirements of the markets, which was reinforced by the increase in commercial activity.
- The cost of obtaining the lira increased with the decrease in the supply of the Syrian currency.
- The Syrian external representation in the international gatherings, especially the external visits of President Ahmed Al -Sharaa to Saudi Arabia and Turkey, as well as the visits of Foreign Minister Asaad Al -Shaibani to several countries and his participation in international forums, increased the hopes of achieving economic gains.
- The European Union and the United States reduced their 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 of Syria.
