The US dollar experienced a slight uptick against the Syrian pound on Monday, January 13, 2025, following a period of relative stability in exchange rates. This shift comes amid improving economic conditions in Syria, which have contributed to the recent steadiness in currency values.However,the day saw varying exchange rates across different Syrian cities,reflecting localized economic dynamics.
The Price of the Dollar in Syria Today
Table of Contents
In Damascus, the exchange rate for the US dollar stood at approximately 11,200 Syrian pounds for purchase, with the selling price reaching 11,500 Syrian pounds. Similarly, in Aleppo, the dollar was traded at 11,200 syrian pounds for purchase and 11,500 Syrian pounds for sale. Meanwhile, in Idlib and al-Hasakah, the dollar’s purchase price remained consistent at 11,200 Syrian pounds, though the selling price dipped slightly to 11,400 Syrian pounds. These fluctuations highlight the nuanced economic landscape across Syria’s regions.
For real-time updates on the dollar’s exchange rate, you can follow the sp-today website, which provides moment-by-moment tracking of currency trends.
Other Currencies on the Rise
The rise in the US dollar’s value also influenced the exchange rates of other foreign and Arab currencies. The British pound, as an example, was traded at 13,664 Syrian pounds for purchase and 14,040 Syrian pounds for sale. The Canadian dollar followed suit, with purchase and selling prices recorded at 7,759 and 7,975 Syrian pounds, respectively. Notably, the Kuwaiti dinar saw a meaningful exchange rate, reaching 36,181 Syrian pounds for purchase and 37,176 Syrian pounds for sale.
The euro and regional currencies like the Saudi riyal and Emirati dirham also experienced increases. The euro was exchanged at 11,476 Syrian pounds for purchase and 11,788 Syrian pounds for sale. Meanwhile, the Saudi riyal and Emirati dirham were traded at 2,986 and 3,047 Syrian pounds for purchase, respectively, with selling prices at 3,069 and 3,132 Syrian pounds.
Key Exchange Rates at a Glance
To provide a clearer picture, here’s a summary of the day’s exchange rates:
| Currency | Purchase Price (SYP) | Selling Price (SYP) |
|———————|————————–|————————-|
| US Dollar (USD) | 11,200 | 11,500 |
| British Pound (GBP) | 13,664 | 14,040 |
| Canadian Dollar (CAD)| 7,759 | 7,975 |
| Kuwaiti Dinar (KWD) | 36,181 | 37,176 |
| Euro (EUR) | 11,476 | 11,788 |
| Saudi Riyal (SAR) | 2,986 | 3,069 |
| Emirati Dirham (AED)| 3,047 | 3,132 |
Economic Context and Future Outlook
The recent stability in Syria’s exchange rates can be attributed to gradual improvements in the country’s economic conditions. Though, the lingering effects of war and sanctions continue to pose challenges. For a deeper understanding of how these factors have shaped Syria’s economy, you can explore this detailed analysis.
As the syrian pound begins to recover, experts remain cautiously optimistic about the currency’s trajectory. For ancient context on the US dollar to Syrian pound exchange rates, visit Exchange-Rates.org, which offers extensive data and charts.
Stay informed and engaged by following the latest updates on Syria’s economic landscape.For more insights, check out this report on the Syrian pound’s recovery post-Assad.
Insights into Syria’s Exchange Rate Dynamics: A Conversation with Senior Editor John Carter and Economist Dr. Amira Hassan
In a recent advancement, the US dollar saw a slight uptick against the Syrian pound on January 13, 2025, marking a shift from a period of relative stability in exchange rates. This change reflects the evolving economic conditions across Syria, with localized variations in Damascus, Aleppo, Idlib, and al-Hasakah. To delve deeper into these trends, World-Today-News Senior Editor John Carter sat down with renowned economist Dr. Amira Hassan, an expert on Middle Eastern economies, to discuss the nuances of Syria’s currency fluctuations, their implications, and the broader economic outlook.
The US Dollar’s Recent Movement and Regional Variations
John Carter: dr. Hassan, the US dollar experienced a modest rise against the Syrian pound, with exchange rates varying across cities like damascus, Aleppo, Idlib, and al-Hasakah. What factors are driving these regional differences?
Dr. Amira Hassan: The variations are rooted in localized economic dynamics. Damascus and Aleppo, being more economically active, saw higher selling rates due to increased demand for foreign currency. In contrast,Idlib and al-Hasakah,which are still recovering from war-related disruptions,experienced a slight dip in selling prices. These fluctuations underscore the uneven economic recovery across Syria.
John Carter: Does this suggest a fragmented economic landscape in Syria?
Dr. Amira Hassan: Absolutely.While there’s a gradual improvement in Syria’s economy, the disparities between regions reflect the lingering effects of conflict and sanctions. Some areas are benefiting from renewed trade and investment, while others remain constrained by infrastructure deficits and limited access to resources.
The Role of Improving Economic Conditions in Syria
John Carter: The article mentions improving economic conditions as a contributing factor to exchange rate stability. What are these improvements, and how are they influencing the currency market?
Dr. Amira Hassan: We’re seeing a slow but steady recovery in sectors like agriculture, manufacturing, and services.This has bolstered confidence in the Syrian pound, leading to more stable exchange rates. Additionally, increased foreign aid and trade partnerships are injecting liquidity into the economy, which helps stabilize currency values.
John Carter: Do you think this stability is lasting?
Dr. Amira Hassan: It’s a cautious optimism. While the current improvements are positive, Syria’s economy remains fragile. The critical challenge is addressing the long-term impacts of sanctions and rebuilding infrastructure across all regions. Without comprehensive reforms, the stability we see today could be temporary.
the Impact on Other Currencies and Regional Economies
John Carter: The rise in the US dollar’s value also influenced other currencies like the British pound,Euro,and Kuwaiti dinar. How does this ripple effect play out in Syria’s economic context?
Dr. Amira Hassan: The US dollar’s movement often sets the tone for other currencies in the Middle east. As the dollar gains strength,it creates upward pressure on currencies like the British pound and Euro,especially in markets with high foreign currency dependence. The Kuwaiti dinar’s strong performance, for example, reflects Kuwait’s economic stability and its role as a key trade partner for Syria.
John Carter: What does this mean for Syria’s trade and foreign investment?
Dr. Amira Hassan: A stronger foreign currency environment can attract short-term investments, but long-term trade growth depends on Syria’s ability to maintain economic stability and rebuild its infrastructure.Investors are cautiously optimistic, but they need tangible reforms and reduced geopolitical risks to commit fully.
Future Outlook for syria’s Economy and Currency
John Carter: Looking ahead, what’s your outlook for Syria’s currency and economic recovery?
Dr. Amira Hassan: The Syrian pound’s recovery is a positive sign, but it’s just the beginning. To sustain this momentum, Syria needs to address structural issues like corruption, economic diversification, and regional disparities. international support and reduced sanctions could accelerate this process, but the path ahead is still challenging.
John Carter: What advice would you give to stakeholders monitoring Syria’s economy?
Dr. Amira Hassan: Stakeholders should focus on both the macro and microeconomic indicators. While the exchange rates provide insights into currency stability, regional employment rates, trade volumes, and infrastructure developments are equally important for understanding Syria’s real economic progress. It’s a complex landscape, but paying attention to these details can guide informed decisions.
John Carter: Thank you, Dr. Hassan, for these insightful perspectives on Syria’s evolving economic landscape. Your expertise sheds light on the intricate dynamics shaping the country’s currency and recovery efforts.
Dr. Amira Hassan: It’s my pleasure,John. Understanding Syria’s economy is crucial for fostering not just local recovery but also regional stability. I hope these discussions contribute to a broader awareness of the challenges and opportunities ahead.
For more updates on Syria’s economic developments, visit World-Today-News and explore our in-depth analyses and reports. Stay informed, stay engaged.
