Central Bank of Syria sets new exchange rate for US dollar
QAMISHLI, Syria (North Press) – The Central Bank of Syria reduced on Tuesday the exchange rate of the US dollar against the Syrian pound from 10,900 to 10,800 in this morning’s bulletin of the Bank.
The value of the Syrian pound continues to drop against the US dollar. The exchange rate of one US dollar reached 15,000 Syrian pounds in most Syrian areas.
In the city of Qamishli, northeast Syria, the exchange rate reached 15,000 SYP for selling and 14,800 SYP for buying, exchange dealers told North Press.
In Hasakah and Idlib, it reached 14,900 SYP for selling and 14,800 SYP for buying, according to the Syrian Pound Today website.
In Damascus, it reached 14,650 SYP for selling and 14,450 SYP for buying, and in Aleppo, it reached 14,700 SYP for selling and 14,500 SYP for buying.
Syria has been experiencing a severe economic crisis for several years. The inflation rate in Syria has skyrocketed due to a combination of factors, including the ongoing civil war, economic sanctions, and a shortage of essential goods.
The high inflation rate in Syria has had a devastating impact on the country’s population, with many struggling to afford basic necessities such as food, housing, and healthcare. The ongoing conflict in Syria, coupled with the economic crisis, has led to a humanitarian catastrophe, with millions of Syrians displaced and in need of aid.