The exchange rate of the Syrian pound against the dollar today, Monday, increased in the parallel market transactions in the Syrian cities, while the Central Bank of Syria has established the exchange rate 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 compared to the recorded prices yesterday evening to 11 thousand and 450 pounds when purchasing from 11 thousand and 500 pounds, and to 11 thousand and 600 pounds upon sale from 11 thousand and 650 pounds.
- The exchange rate in Hasaka stabilized at 11 thousand and 750 when purchasing, 11 thousand and 900 pounds upon sale.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria proves the exchange rate of the Syrian lira in official transactions at 12 thousand when purchasing, and 12 thousand and 120 pounds upon sale, according to the bulletin issued this morning, Monday.
Factors influencing the exchange rate of the Syrian lira
- 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.
- Qatari initiativeThe State of Qatar has submitted an initiative to cover public sector salaries in Syria, in a move that observers considered a turning point in the path of recovering the Syrian economy after decades of corruption and 14 years of continuous conflict.
- 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.
