Today, Monday, November 28, 2022, exchange rates in Syria saw slight changes, while the exchange rate of the US dollar recorded a significant increase in the black market in Syria, in the morning trading.
The price of the dollar today in Syria
Black market US dollar exchange rates against the Syrian pound today, Monday 11-28-2022, in the markets of the capital, Damascus, recorded £5510 buying vs £5555 selling for the US dollar.
The price of the Syrian pound against the Turkish lira
The price of the Turkish lira against the Syrian pound reached 294 Syrian pounds at the time of purchase, while the selling price was 299 Syrian pounds.
The price of the euro today in Syria
Today, the exchange rate of the euro against the Syrian pound reached 5,723 pounds for buying and 5,775 pounds for selling.
Factors affecting the Syrian pound
The Syrian pound continued to decline against the US dollar on the black market as the Syrian pound fell to its lowest levels since the conflict began in 2011 as it lost most of its value on the black market.
This comes amid expectations that the value of the Syrian pound will continue to deteriorate for a longer period, in light of the lack of a real way out for the severely declining Syrian economy.
The price of the dollar today, Monday 28 November, in Lebanon
The price of the US dollar in Lebanon recorded stability in black market transactions, against the Lebanese pound today, Monday 11-28-2022, reaching the level of 40.4500 pounds in buying and 40,250 pounds in selling, after reaching yesterday, The £40,400 buy and £40,200 sell level for US dollars on Sunday.
The price of the dollar today in the banking sector
The price of the dollar, through an exchange platform against the pound, stabilized at 30,300 Lebanese pounds per dollar, according to the exchange rates of the operations carried out by banks and exchange institutions on the platform.
The price of the dollar today in the Bank of Lebanon
The Central Bank of Lebanon announced that the exchange rate for withdrawals from dollar deposits into Lebanese pounds has reached 8,000 pounds to the dollar.
The reason for the decline of the Lebanese pound against the dollar
The Lebanese pound has started declining gradually since 2019 against the US dollar, coinciding with an acute liquidity crisis and banks have stopped providing depositors with their dollar money, while the official exchange rate is still pegged at 1507 pounds.
The Lebanese pound lost 90% of its value as the financial crash entered its third year and led to widespread poverty, paralysis of the financial system and a freeze on depositors’ savings in Lebanon’s biggest crisis since the civil war between 1975 and 1990.
The Lebanese economy has been facing major difficulties over the past three years which have put the country’s currency in a critical situation, especially in light of the continuing ambiguity of the political situation.
The price of gold in Saudi Arabia today, Monday 28 November 2022
The gold pound is close to 12k.. Gold prices today, Monday November 28th
The price of gold in the UAE today, Monday 28 November 2022
