Damascus – the compass
US dollar exchange rates in Syria today, Wednesday, November 9, 2022, witnessed relative stability in the unofficial (black) parallel market at the start of morning trading.
The price of the dollar today, Wednesday in Syria
The exchange rates of the US dollar on the black market rose against the Syrian pound today, Wednesday, 9-11-2022, in the markets of the capital, Damascus, by 5180 pounds in purchase, against 5210 in sale. US dollar, exchange rate of 0.19%.
The price of the Syrian pound against the Turkish lira
The price of the Turkish lira against the Syrian lira was 277 lire at the time of purchase, while the selling price was 281 lire, with a variation of 0.36%.
The price of the euro today, Wednesday in Syria
The exchange rate of the euro against the Syrian pound, today, Wednesday, reached 5205 pounds in purchase, and 5250 pounds in sale, with a variation of 0.88%.
The price of the Syrian pound against the Egyptian pound today, Wednesday
The price of the Syrian pound against the Egyptian pound at the time of purchase was 211 pounds, while the selling price was 215 pounds, a change of 0.47%.
Factors influencing the Syrian pound
The Syrian pound continues to decline against the US dollar in the unofficial (black) parallel market, as the Syrian pound has fallen to its lowest level 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 decline for a longer period, in the absence of a real way out of the severe deterioration of the Syrian economy.
Experts attributed the deterioration in the value of the Syrian currency to dollarization and the supply of foreign currencies, as well as economic sanctions imposed on the Syrian Central Bank, which hinder the movement of exports out of the country.
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