The exchange rate of the Syrian pound against the US dollar increased today, Thursday, in the parallel market transactions, but the performance of the Syrian currency in Hasaka was an exception with a slight decline, while the Central Bank of Syria continued to stabilize the exchange rate in official transactions.
The exchange rate of the Syrian pound against the dollar in the parallel market
- In Damascus and Aleppo, the exchange rate of the Syrian pound increased to 10 thousand for one dollar when purchasing from 10 thousand and 100 pounds registered yesterday, and to 10 thousand and 200 pounds upon sale from 10 thousand and 250 pounds.
- In Idlib, the exchange rate of the lira increased to 10 thousand for one dollar from 10 thousand and 100 when purchasing, while the selling price increased to 10 thousand and 200 pounds from 10 thousand and 300 pounds.
- In Hasaka, the exchange rate of the Syrian pound decreased to 10 thousand and 100 pounds per dollar from 10 thousand pounds when buying, 10 thousand and 300 pounds from 10 thousand and 200 when selling, registered yesterday.
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 declined to 10 thousand and 437 pounds from 10 thousand and 342 pounds when buying and to 10 thousand and 651 pounds upon sale from 10 thousand and 556 pounds registered yesterday evening.
- The price of the Syrian pound against the euro in Idlib decreased to 10 thousand and 437 pounds from 10 thousand and 389 pounds upon purchase, while it declined to 10 thousand 651 pounds when selling from 10 thousand and 603 pounds yesterday.
- In Hasaka, the exchange rate of the lira against the euro decreased to 10 thousand and 530 pounds from 10 thousand and 337 pounds when purchasing, and to 10 thousand and 744 pounds upon sale from 10 thousand and 551 pounds registered yesterday evening.
The exchange rate of the Syrian lira in official transactions
- The Central Bank of Syria established the exchange rate of the Syrian pound against the dollar at 13 thousand and 200 pounds when purchasing, and 13 thousand and 332 pounds upon sale.
- The bank raised the exchange rate of the Syrian pound against the euro to 13 thousand and 771 pounds when purchasing from 13 thousand and 796 pounds registered yesterday, and to 13 thousand and 909 pounds upon sale from 13 thousand and 934 pounds registered yesterday evening.
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Gold prices
The price of gold increased slightly in the Syrian market in this way:
- 18 gramIt rose to 726 thousand pounds from 724 thousand pounds yesterday.
- 21 gram: It increased to 847 thousand pounds from 844 thousand pounds yesterday.
- 24 gramIt rose to 964 thousand pounds from 961 thousand pounds yesterday.
Factors influencing the exchange rate of the Syrian lira
The exchange rate of the Syrian pound is affected by many factors, economic experts say to Al -Jazeera Net, among them:
- A draft announcement showed that the European Union intends to suspend sanctions imposed on Syria related to the fields of energy, transportation and reconstruction.
- The Office for the Implementation of the Financial Penalties (OSI) issued an Office of the British Treasury a few days ago a license aimed at facilitating humanitarian activities in Syria, and securing the access of aid to the most destructive segments, despite the economic sanctions imposed on the country.
- Syria received 300 billion pounds last Friday from Russia via Damascus International Airport as part of a location 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 solution; In previous years, the largest exchange went to the branches of security and the army, and it is the one who obtained the major 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 decrease in the supply of the lira against the requirements of the markets, which strengthened the increase in commercial activity.
- The cost of obtaining the lira increased with the decrease in the supply of the Syrian currency.
- 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.