Syrian pound’s value declines against US dollar across Syria
QAMISHLI, Syria (North Press) – The exchange rate of one US dollar against the Syrian Pound dropped to less than 14,000 on Tuesday across most areas in Syria.
In the city of Qamishli, northeast Syria, the exchange rate declined to 13,900 SYP for selling and 13,600 SYP for buying, exchange dealers told North Press.
In Hasakah and Idlib, it reached 14,000 SYP for selling and 13,900 SYP for buying. In Damascus, it amounted to 13,500 SYP for buying and 13,700 SYP for selling, according to the Syrian Pound Today website.
In Aleppo, it reached 13,800 SYP for selling and 13,600 SYP for buying.
Meanwhile, the Central Bank of Syria maintained the exchange rate of the US dollar against the Syrian pound at 10,600 in this morning’s bulletin of the Bank.
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.