The exchange rate of the Syrian pound against the dollar today, Wednesday, decreased in the market transactions parallel to the Syrian cities, while the Central Bank of Syria continues 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 today, Wednesday, in Damascus, Aleppo and Idlib, fell to 11 thousand and 175 pounds when purchasing from 11 thousand and 125 pounds registered yesterday evening, and decreased to 11 thousand and 275 pounds when selling from 11 thousand and 225 pounds.
- The exchange rate of the lira in Hasaka settled to 11 thousand and 150 pounds when purchasing, 11 thousand and 250 pounds upon sale, which are recorded yesterday evening.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria established the exchange rate of the lira against the dollar at 12 thousand when buying, and 12 thousand and 120 pounds upon sale, according to its publication issued today, Wednesday.
https://www.youtube.com/watch?v=tmb53kirqic
Factors affecting the exchange rate of the Syrian lira:
Reducing international sanctions
- 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, including through the Central Bank of Syria.
- The European Union is considering extending the suspension of sanctions, noting its accurate follow -up of the developments of the Syrian situation.
- Canada is considering alleviating its penalties for Syria, and announced its intention to provide humanitarian aid of 84 million Canadian dollars (about 58.4 million US dollars).
- Britain removed last month 24 Syrian entities from the sanctions list, including the Central Bank and a number of banks and oil companies, which raised the freezing of assets.
Changes in monetary and administrative policy
- Syrian President Abdel Qader Al -Huhair appointed a new ruler of the central bank, succeeding Maysa Sabreen, who submitted her resignation weeks ago.
- 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 still proves.
- The central bank of banks and exchange companies licensed to determine exchange rates within a specific margin of the official price, in a move aimed at reducing the difference with the parallel market.
- The number of employees in state institutions witnessed a significant decline, as a result of the demobilization of the fictitious employees and the dissolution of the previous regime’s army and its police, the two sides that were consuming the major share of government spending.
