The price of the dollar in Syria today, Thursday, recorded a new high against the Syrian pound, during black market transactions, or as it is called the “parallel market”, while the price of the dollar against the Syrian pound on the other side showed remarkable stability during official dealings with banks, and the dollar price reached against the pound. Today 2850 pounds for purchase and 2875 pounds for sale, compared to yesterday’s trading prices, which recorded 2879 pounds for purchase and 2895 pounds for sale.
The price of the dollar against the Syrian pound depends on many matters, on top of which are supply and demand, as well as the geographical scope in which transactions take place at the level of the following main Syrian governorates, “Aleppo, Damascus, Idlib and Manij”, and the difference in transactions based on these factors may reach 50 pounds.
As for the official dollar dealings in Syrian banks, the price of the dollar has remained stable at the level of 1,250 pounds for purchase and 1262 pounds for sale, to keep the monetary pressures on the local market present, and this comes due to the US sanctions that were imposed on the country.
The transactions of the euro and the pound sterling today in Syria recorded the following prices:
|the currency||Purchasing price||selling price|
|euro||3509 ليرة||3529 ليرة|
|Sterling pound||3908 ليرة||3951 ليرة|
Since 2011 until now, the Syrian economy has suffered losses of 350 billion dollars, and that value represents 9.7 times the GDP achieved by Syria in 2010 when calculated at constant prices, and the rates of the public debt of Syria have increased, according to the study of the Syrian Center for Studies Research, to about 208 Over the years, the Syrian currency has lost 97% of its value, while card rates have increased by 42%.
The study prepared by the Center highlighted the disastrous effects resulting from the ongoing armed conflict between Syrians at different levels, indicating that the poverty rate in the country has risen to 86% by the end of 2019, after it was only 1% in 2011.
The Syrian economy has been suffering for this period and for a long time, specifically since 2011, from a severe crisis that affected all areas, especially the economy, and the severity of the crisis was exacerbated by the decisions taken by the Syrian government regarding fuel prices, and these decisions were accompanied by pressures that affected the export sector , Which led to a sharp decline in the country’s foreign exchange earnings.
These and other factors have caused disastrous results in the poverty rate in Syria, which increased from 1% in 2011 to 86% in 2019.
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