Syrian pound’s witnesses little improvement against US dollar
QAMISHLI, Syria (North Press) – The value of the Syrian pound (SYP) improved against the US dollar on Thursday, as the exchange rate on one US dollar reached about 13,200 SYP across Syria.
The Central Bank of Syria reduced the exchange rate of the US dollar against the Syrian pound from 10,700 to 10,600 in this morning’s bulletin of the Bank.
In the city of Qamishli, northeast Syria, the exchange rate declined to 13,500 SYP for selling and 13,200 SYP for buying, exchange dealers told North Press.
In Hasakah and Idlib, it reached 13,400 SYP for selling and 13,300 SYP for buying. In Damascus, it amounted to 13,100 SYP for selling and 12,900 SYP for buying, according to the Syrian Pound Today website.
In Aleppo, it reached 13,150 SYP for selling and 12,950 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.