The rise of the exchange rate of the Syrian pound against the dollar today, Monday economy

The exchange rate of the Syrian pound against the dollar – today, Monday, increased in parallel market transactions after a decline yesterday morning, while the lira continued to persist in official transactions according to the Syrian Bank’s Central Bank bulletin.

The exchange rate of the Syrian lira in the parallel market

• The exchange rate of the Syrian pound today in Damascus and Aleppo increased to 10 thousand and 350 pounds when purchasing compared to 10 thousand and 600 pounds registered yesterday evening, and rose to 10 thousand and 550 pounds upon sale from 10 thousand and 800 pounds yesterday.
• In Idlib, the exchange rate of the lira increased to 10 thousand and 400 pounds when purchasing from 10 thousand and 500 pounds, and upon sale the price increased to 10 thousand and 600 pounds today from 10 thousand and 750 pounds yesterday.
• In Hasaka, the exchange rate of the lira increased to 10 thousand and 100 pounds from 10 thousand and 200 when buying yesterday, and increased to 10 thousand and 300 pounds today from 10 thousand and 400 pounds upon sale yesterday.

The exchange rate of the Syrian lira today, Monday, 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 upon purchase and 13 thousand and 332 pounds upon sale according to the Central Bank of Syria bulletin issued today.

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

Factors influencing the exchange rate of the Syrian lira

Economists told Al -Jazeera Net that the exchange rate of the Syrian pound is affected by many factors, including:

• 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 army and the previous regime police were dissolved. In previous years, the greatest exchange was done on the security branches and the army, and it is the one who obtained the largest 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 supply of the lira fell against the requirements of the markets, which was reinforced by the increase in commercial activity.
• The cost of obtaining the lira increased with the decrease in the supply of the Syrian currency.
• The Syrian external representation in the international gatherings, especially the external visits of President Ahmed Al -Sharaa to Saudi Arabia and Turkey, as well as the visits of Foreign Minister Asaad Al -Shaibani to several countries and his participation in international forums, increased the hopes of achieving economic gains.
• 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.