The stability of the exchange rate of the Syrian pound today, Monday, against the dollar and the euro economy

The exchange rate of the Syrian pound stabilized today, Monday, against the dollar and the euro, after declines witnessed yesterday, while the Central Bank of Syria reduced the prices of local currency in official transactions.

Syria

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

• The exchange rate of the Syrian pound stabilized against the dollar in Damascus and Aleppo at 9800 pounds when purchasing, 10 thousand and 100 pounds upon sale, which is the level registered yesterday.
• The exchange rate of the Syrian pound against the dollar in Idlib increased to 9,500 pounds from 9800 registered yesterday evening when purchasing, while the exchange rate increased to 9700 pounds upon sale from the level of 10 thousand in the evening yesterday.
• In Hasaka, the exchange rate of the Syrian pound against the dollar increased to 9650 pounds from 9800 registered yesterday evening when purchasing, and when the sale rose to 9850 from 10 thousand pounds.

The exchange rate of the Syrian lira at the Central Bank of Syria against the dollar and the euro

• The Central Bank of Syria reduced the exchange rate of the Syrian pound against the dollar to 13 thousand and 200 pounds when purchasing from the level of 13 thousand, which was installed during the past weeks, and the sale price reduced to 13 thousand and 332 pounds from 13 thousand and 130 pounds registered during the past few weeks until Sunday.
• Approval of the euro, the Central Bank of Syria reduced the exchange rate of the lira to 13 thousand and 621 pounds from 13 thousand and 425 pounds registered yesterday when purchasing, and the sale price reduced to 13 thousand and 757 pounds from the level of 13 thousand and 559 pounds registered during the past few weeks.

https://www.youtube.com/watch?v=owl5Leuche

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 at this stage, including:

• Low of the offer from the Syrian pound in exchange for increasing demand for it.
• High cost of obtaining liquidity in the Syrian currency.
• Restricting cash withdrawal from banks.
• The increase in the activity of the trade movement, which raised the demand for the Syrian pound, and increased its value during the last period, compared to the time of the fall of the Baath Party regime.
• The former regime army and its security apparatus resolved, and a large number of fictitious employees from state institutions were removed, which reduced the offer of the lira in the market.
• The external visits of Syrian President Ahmed Al -Shara to Saudi Arabia and Turkey, which increased the hopes of achieving economic gains, and Sharia received calls to visit from many countries, including European countries.
• European Union countries and the United States have eased 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.