Syrian pound’s value drops against US dollar across Syria
QAMISHLI, Syria (North Press) – The exchange rate of the Syrian pound (SYP) against the US dollar surpassed 14,500 SYP on Monday across Syria.
The Central Bank of Syria raised the exchange rate of one US dollar against the Syrian pound from 10,700 SYP to 10,800 SYP, according to this morning’s bulletin of the Bank.
In the city of Qamishli, northeast Syria, the exchange rate of the US dollar reached 15,100 SYP for selling and 14,900 SYP for buying, exchange dealers told North Press.
In Hasakah, it reached 15,000 SYP for selling and 14,900 SYP for buying, according to the Syrian Pound Today website.
In Damascus, the exchange rate reached 14,600 SYP for selling and 14,400 SYP for buying.
In Aleppo, it reached 14,700 SYP for selling and 14,500 SYP for buying.
In Idlib, it reached 14,900 SYP for selling and 14,800 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.