Syrian Pound keeps falling against foreign currencies
QAMISHLI, Syria (North Press) – On Tuesday, Syrian pound recorded a new record fall against foreign currencies, exceeding 6.600 SYP for each USD according to black market trading.
According to exchange traders in the city of Qamishli, northeast Syria, the USD is sold at 6.650 SYP and bought at 6.600 SYP.
Meanwhile, Euro price reached 7.000 SYP for selling and 6.950 SYP for buying in Qamishli, according to the traders.
On Monday, the exchange rate was fixed at 6.900 SYP selling against the USD.
In Damascus, the USD has recorded 6.300 SYP for selling and 6.200 SYP for buying, according to Lira website for currencies.
Meanwhile, Euro price in Damascus reached 6.690 SYP for selling and 6.578 SYP for buying, according to the website.
As for gold, each gram of 21-carat gold is sold at 335.000 SYP in Qamishli and 318.000 in Damascus.
The Syrian pound continues to rapidly fall as over 90% of Syrians are below poverty line due to the non-stoppable Syrian war with no looming solution.