The increase in the exchange rate of the Syrian pound against the dollar today economy

The exchange rate of the Syrian pound against the dollar increased today, Sunday, in the parallel market transactions in the Syrian cities, while the Central Bank of Syria continued to fix the price of opportunities 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 increased to 11 thousand and 900 pounds from 11 thousand and 950 pounds upon purchase, registered yesterday evening, and increased to 12 thousand pounds when selling 12 thousand and 50 pounds.
• In Hasaka, the lira fell to 12 thousand and 250 pounds when purchasing from 12 thousand and 200 pounds, and reduced to 12 thousand and 350 pounds from 12 thousand and 300 pounds upon sale.

The exchange rate of the Syrian lira in official transactions

The Central Bank of Syria has established the exchange rate of the Syrian pound in official transactions at 12 thousand when purchasing, 12 thousand and 120 pounds upon sale, according to the bulletin issued on Sunday morning.

Factors affecting the exchange rate of the Syrian lira

• The State of Qatar submitted a initiative to cover public sector salaries in Syria, in a move that observers considered to be a turning point in the path of recovery of the Syrian economy after decades of corruption and 14 years of continuous conflict.
• The first visit to EuropeSyrian President Ahmed Al -Shara, France, on Wednesday, visited his first trip to Europe since the overthrow of Bashar al -Assad last December.
• Qatar and Saudi Arabia initiativeQatar and Saudi Arabia pledged to pay the arrears owed to Syria to the World Bank, which amounts to about 15 million dollars, in preparation for granting millions of dollars for reconstruction and public sector support.
• Reducing British sanctionsBritain raised the freezing of assets imposed on the Syrian defense and interior ministries and a number of intelligence services, and previously removed 24 Syrian entities – including the Central Bank and banks and oil companies – from the sanctions lists.
• Temporary reduction of US sanctions: The United States suspended some sanctions imposed on Syria temporarily, which allowed the implementation of financial transactions with government institutions and vital sectors, including the energy sector, and it was also allowed to transfer personal funds even through the Central Bank of Syria.
• The return of cooperation with the International Monetary FundSyrian Finance Minister Mohamed Yusr Burniyah announced the appointment of Ron van Roden as the first president of the International Monetary Fund mission to Syria, in a first -of -year move in 14 years.
• Amending the official exchange rate: The Central Bank of Syria raised the official exchange rate of the lira against the dollar to 12 thousand pounds for purchase, while maintaining the installation of this price at the present time.
• More flexibility in determining exchange rates: The central bank allowed banks and exchange companies licensed to determine exchange rates within a specific margin on the official price, which provides a broader field of movement in the market.