Syria’s Central Bank raises price of SYP against USD
QAMISHLI, Syria (North Press) – The Central Bank of Syria raised on Sunday the exchange rate of the US dollar against the Syrian pound from 10,700 Syrian pound (SYP) to 10,900 SYP per dollar in the morning bulletin of remittances and currency exchange. This represents an increase of 200 SYP.
In the city of Qamishli, northeast Syria, the exchange rate reached 16,150 SYP for selling and 16,000 for buying, money changers told North Press.
In Damascus, the exchange rate stood at 14,700 SYP for buying and 14,900 for selling. In Hasakah and Idlib, it reached 16,100 SYP for selling and 16,000 for buying.
In Aleppo, the exchange rate for the dollar reached 15,000 SYP for selling and 14,800 for buying.
Syria has been experiencing a severe economic crisis for several years, with one of the main drivers being high inflation rates. 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.