The exchange rate of the Syrian pound against the dollar increased today, Wednesday, in the parallel market, after a decline witnessed yesterday, amid a volatile week for the Syrian currency, while the currency recorded stability in official transactions according to the Central Bank of Syria bulletin issued today.
The exchange rate of the Syrian pound against the dollar in the parallel market
- The exchange rate of the Syrian pound in Damascus, Aleppo and Idlib increased to 9900 when purchasing from 10 thousand and 200 pounds yesterday evening, while the exchange rate when selling increased to 10 thousand and 100 pounds from 10 thousand and 400 pounds.
- In Hasaka, the exchange rate of the Syrian pound increased to 9900 from 10 thousand pounds when purchasing, and to 10 thousand and 100 pounds from 10 thousand and 200 pounds upon sale registered yesterday evening.
The exchange rate of the Syrian lira against the euro in the parallel market
- The exchange rate of the Syrian pound against the euro in Damascus and Aleppo increased to 10 thousand and 342 pounds from 10 thousand and 975 pounds registered yesterday evening, and the selling price increased to 10 thousand and 556 pounds from 11 thousand and 189 pounds.
- In Idlib, the exchange rate of the Syrian pound increased to 10 thousand and 389 pounds when purchasing from 11 thousand and 79 pounds registered yesterday, and the sale price increased to 10 thousand and 603 pounds from 11 thousand and 293 pounds.
- In Hasaka, the exchange rate of the Syrian pound against the euro increased to 10 thousand and 337 when purchasing from 10 thousand and 766 pounds, and to 10 thousand and 551 when selling from 10 thousand and 980 pounds registered yesterday evening.
The exchange rate of the Syrian lira in official transactions
- The Central Bank of Syria has established the exchange rate of the lira against the dollar at 13 thousand and 200 pounds when purchasing, and 13 thousand and 332 pounds upon sale.
- The exchange rate of the Syrian pound against the euro fell to 13 thousand and 796 pounds from 13 thousand and 801 pounds yesterday, and increased to 13 thousand and 934 pounds from 13939 pounds yesterday.
https://www.youtube.com/watch?v=lyvogvzncee
Gold retreats in the Syrian market
Gold prices declined today in Syria as follows:
- 18 gram: He declined to 724 thousand pounds from 751 thousand yesterday.
- 21 gramHe decreased to 844 thousand pounds from 875 thousand yesterday.
- 24 gram: He declined to 961 thousand pounds from 997 thousand registered yesterday.
Factors influencing the exchange rate of the Syrian lira
The Syrian pound is affected by a number of economic and political factors that directly affect its value against foreign currencies, and it can be summarized as follows:
- Receiving criticism from RussiaSyria has received 300 billion pounds through Damascus International Airport, which is part of a contract with Russia to print the currency.
- Reduce the number of employees: The demobilization of imaginary employees reduced government expenditures, which may contribute to the stability of the local currency, especially if the expenses related to the wages are shrinking.
- Changes in military spending: With some of the army and police branches, which used to consume a large part of the money that moves the market, this may have an impact on the cash supply in the market.
- The supply declined from the liraWhen the supply decreases from the Syrian pound on the market and the dog increases its value.
- Commercial activityIncreased commercial activity can lead to an increase in the demand for the Syrian pound to pay the salaries of employees and buy goods.
- Reducing international sanctionsReducing sanctions from the European Union and the United States can contribute to facilitating foreign trade and investments in Syria, which may affect the stability of the lira.
