The exchange rate of the Syrian pound against the dollar increased today, Thursday, in the parallel market transactions in the Syrian cities, while the Central Bank continued to fix the exchange rate in official transactions.
The exchange rate of the Syrian lira in the parallel market
- The exchange rate of the Syrian pound against the dollar today, Thursday, against the dollar in Damascus, Aleppo and Idlib, increased to 11 thousand and 750 pounds when purchasing from 11 thousand and 800 pounds, and at the sale increased to 11 thousand and 850 pounds from 11 thousand and 900 registered yesterday evening.
- The exchange rate of the lira increased in Hasaka To 12 thousand and 50 pounds from 12 thousand and 100 pounds when purchasing, and increased to 12 thousand and 150 pounds upon sale from 12 thousand and 200 pounds.
The exchange rate of the Syrian lira in official transactions
The Central Bank of Syria continued to fix 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 this morning.
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Factors affecting the exchange rate of the Syrian lira
- A Saudi Qatari initiativeQatar and Saudi Arabia announced its intention 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 sanctions: Last Thursday, the United Kingdom 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.
- A European Audilation of PenaltiesThe European Union continues to study the possibility of extending the suspension of sanctions imposed on Syria, stressing that it is closely following the political and economic developments in the country.
- Temporary reduction of US sanctionsThe United States has temporarily suspended some sanctions imposed on Syria, 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 money, even through the Central Bank of Syria.
- The return of cooperation with the International Monetary FundSyrian Finance Minister, Mohamed Youser Burniyah, announced the appointment of “Ron van Roden” as the first president of the International Monetary Fund mission to Syria, in a first step of its kind 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.
