Syrian Pound Shows Strength Amidst Political Change
The Syrian pound has experienced important fluctuations recently, prompting keen interest among Syrian citizens and investors. Following major political and security shifts in the country,the currency’s future remains uncertain,though the transitional government is expected to implement measures to stabilize and strengthen the pound against other global currencies.
Dollar Exchange Rates in Syria (January 4,2025)
As of Saturday,January 4th,2025,the syrian pound showed signs of recovery on the black market,a stark contrast to its previous struggles.This advancement coincides with the recent regime change. The new government is actively developing economic strategies to address the ongoing financial crisis and improve the exchange rate.
Regional Variations in Exchange Rates
The dollar’s value against the Syrian pound varied across different Syrian governorates. While these figures represent a snapshot in time and may fluctuate, they offer a glimpse into the current economic landscape.
- Damascus: The dollar sold for approximately 13,100 Syrian pounds and bought for around 12,900 Syrian pounds.
- Aleppo: Similar to Damascus,the dollar sold for roughly 13,100 Syrian pounds and bought for about 12,900 Syrian pounds.
- Suwayda: The exchange rate mirrored Damascus and Aleppo, with the dollar selling for approximately 13,100 Syrian pounds and buying for around 12,900 Syrian pounds.
- Hama: the dollar’s selling price was around 13,100 Syrian pounds,and the buying price was approximately 12,900 Syrian pounds.
- Idlib: Slightly lower than other regions, the dollar sold for approximately 13,000 Syrian pounds and bought for around 12,800 Syrian pounds.
- Al-Hasakah: The dollar sold for approximately 12,890 Syrian pounds and bought for around 12,800 Syrian pounds.
The economic situation in Syria remains fragile, and these exchange rates are subject to change. Experts are closely monitoring the situation and the effectiveness of the transitional government’s economic policies. The long-term outlook for the Syrian pound depends heavily on the success of these efforts to stabilize the economy and rebuild the nation.
