The exchange rate of the Syrian pound against the dollar – today, Thursday, continued to rise in the parallel market transactions, while it recorded stability in official transactions, according to the Syrian Bank’s Central Bank bulletin.
This comes after a day of new measures taken by the new Syrian administration to dissolve the People’s Assembly, stop working in the 2012 constitution, and appoint Ahmed Al -Shara as President of Syria in the transitional phase.
Parallel market transactions
- The exchange rate of the Syrian pound against the dollar today, Thursday, in Damascus and Aleppo, increased to 10 thousand and 650 pounds for purchase from 11 thousand and 200 pounds against the dollar, registered in trading yesterday evening, and when the sale increased the price to 10 thousand and 750 pounds from 11 thousand and 300 pounds against the green currency in Trading yesterday evening.
- In Idlib, the exchange rate of the Syrian pound – today, Thursday, against the dollar, increased to 10 thousand and 700 when purchasing from 11 thousand and 150 pounds against the dollar upon purchase, registered yesterday evening, and upon sale the Syrian currency rose to 10 thousand and 450 pounds from 11 thousand and 250 pounds.
- In Hasaka, the exchange rate of the Syrian pound – today, Thursday, against the dollar, increased to 10 thousand and 700 pounds when purchasing from 11 thousand and 150 upon sale, registered yesterday evening, and upon sale it rose to 10 thousand and 800 pounds from 11 thousand and 250 pounds against the dollar.
The exchange rate of the lira at the “Central”
In the central bank, the exchange rate of the Syrian pound – today, Thursday, stabilized at 13,000 for purchase against the dollar, while 13 thousand and 130 pounds were for sale against the dollar.
Factors affecting the exchange rate of the lira
- A decision to assume Ahmed Al -Shara, the presidency of Syria in the transitional phase.
- Cancellation of the 2012 constitution.
- The Arab Socialist Baath Party, the People’s Assembly, the army, and the security services affiliated with the regime of ousted President Bashar al -Assad.
- Yesterday, Wednesday, Syrian Finance Minister Mohamed Abazid discussed the financial situation of his country and the possibility of reducing the sanctions imposed on it at his first meeting with European Union officials since the opposition was overthrown last year.
- Syrian banks refrain from pumping the local currency into the market, pushing merchants and manufacturers towards selling the dollar to obtain the local currency from the parallel market to run their business.
- The government maintains limited quantities of the lira to fulfill the increase in employee salaries by 400% starting from next month, which increases the government’s request to the lira.
- The high quantities offered from the dollar, and the central bank holds the lira precautions.
- The United States has reduced its sanctions on Syria, allowing transactions with government institutions and some energy transactions, and allowing person to transfer personal funds to Syria, including across the Syrian Central.
- Reuters quoted a document seen that the Central Bank of Syria directed commercial banks to cancel the freezing of bank accounts except for those frozen under official decisions, including those related to businessmen linked to the Assad regime.
- Economy Minister Basil Abdel Hanan told Al -Jazeera Net earlier that there is a plan to stabilize the exchange rate for the stability of the markets and move the wheel of trade.
