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

The exchange rate of the Syrian pound against the dollar increased today, Thursday, in the parallel market transactions in the Syrian cities, while it recorded stability in official transactions, according to the Syrian Bank’s Central Bank bulletin.

The exchange rate of the Syrian pound against the dollar in the parallel market

The exchange rate of the Syrian pound against the dollar in the parallel market in Damascus, Aleppo, Idlib and Hasaka increased to 9 thousand and 900 pounds when purchasing from 10 thousand pounds registered yesterday, and to 10 thousand and 100 pounds upon sale from 10 thousand and 200 pounds registered yesterday.

The exchange rate of the Syrian pound against the dollar in official transactions

The exchange rate of the Syrian pound recorded stability against the dollar in official transactions at 13 thousand and 200 pounds upon purchase and 13 thousand and 332 pounds upon sale, according to the Syrian Bank Central Bank bulletin.

https://www.youtube.com/watch?v=aiyzcysgdua

Factors influencing the exchange rate of the Syrian lira

Internal factors

• Syria has received 300 billion pounds recently coming 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 the demobilization of a large number of fictitious employees.
• The previous regime’s army and its police dissolved. In previous years, the largest exchange went to the branches of security and the army, and it is the one who obtained the largest share of the money that moves the markets.
• The decrease in the supply of the lira against the requirements of the markets, which strengthened the increase in commercial activity.

External factors

• The European Union has suspended a package of sanctions imposed on Syria, some of which are related to energy, banks, transportation and reconstruction.
• The Office for the Implementation of Financial Sanctions (OFSI) issued a license to facilitate humanitarian activities in Syria, and to secure the access of aid to the most destructive segments, despite the economic sanctions imposed on the country.
• The United States temporarily raised its sanctions on Syria, which opened the way for dealings with government institutions and energy transactions, and allowed the transfer of personal funds to the country, including through the Central Bank of Syria.