Central Bank of Syria sets new exchange rate for US dollar
QAMISHLI, Syria (North Press) – Syria’s Central Bank reduced on Monday the exchange rate of the US dollar against the Syrian pound from 11,500 to12,500 in this morning’s bulletin of the Bank.
In Qamishli and Hasakah, northeast Syria, the exchange rate reached 14,100 SYP, exchange dealers told North Press.
In Damascus, it reached 13,850 SYP, in Idlib, it reached 14,040 SYP, and in Aleppo reached 13,750, according to Syrian Pound Today website.
The value of the Syrian pound continues to drop against the US dollar.
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.