The Syrian pound has recently experienced an unprecedented rise against the US dollar, marking a critically important shift in the currency’s value and signaling a potential recovery of its prestige.This progress comes amid stabilizing conditions in various Syrian governorates, which have contributed to the positive changes in the local currency’s performance.The green paper, long affected by political and economic challenges, is now showing signs of resilience as authorities implement reforms aimed at bolstering the Syrian pound’s value.
A Turning Point for the Syrian Pound
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Citizens across Syria are witnessing a mix of shock and optimism as they monitor the fluctuating price of the Syrian pound against the dollar. The currency’s sudden rise has sparked hope for economic recovery after years of decline.”The penalties imposed on the country caused the collapse of the local currency and led to a great enlargement that Syria has suffered over the past years,” the report states. Though, recent reforms and improved stability are beginning to reverse this trend.
Current Exchange Rates Across Syrian Governorates
On Tuesday, 4 February 2025, the price of the dollar against the syrian pound varied across different regions.Here’s a detailed breakdown:
| governorate | Sale Price (SYP) | Purchase Price (SYP) |
|——————|———————-|————————–|
| Damascus | 7,600 | 7,500 |
| hasaka | 8,200 | 8,300 |
| Idlib | 7,600 | 7,500 |
| Aleppo | 7,500 | 7,400 |
These figures highlight the regional disparities in exchange rates, with Hasaka recording the highest sale price at 8,200 Syrian pounds. Simultaneously occurring, Aleppo saw the lowest purchase price at 7,400 Syrian pounds.
The Road Ahead
The sudden changes in the dollar’s value have captured the attention of many Syrians, who are closely following these developments. As the syrian pound continues to recover, the focus remains on the government’s ability to sustain these reforms and ensure long-term economic stability. For more insights into the historical exchange rates of the Syrian pound, visit Currency World.This shift in the currency’s value is a testament to the resilience of the Syrian economy, offering a glimmer of hope for a brighter future. Stay tuned for further updates on this evolving story.
The Syrian Pound’s Dramatic Rise: Insights from an Economic Expert
In recent weeks, the Syrian pound has experienced an unprecedented surge against the US dollar, signaling a potential economic turnaround for the war-torn nation. Amidst stabilizing conditions in various Syrian governorates and targeted reforms by authorities, the currency’s resilience has sparked optimism for recovery.To delve deeper into this critical advancement, we sat down with Dr. Ahmed Mansour, a renowned economist and specialist in Middle Eastern markets, to discuss the implications of this shift and what it means for Syria’s future.
The Turning Point for the Syrian Pound
senior Editor: Dr. Mansour, the Syrian pound’s sudden rise against the dollar has surprised many. What factors do you believe have contributed to this significant shift?
Dr. Ahmed Mansour: The recent rise in the Syrian pound’s value is indeed remarkable and can be attributed to a combination of factors. First, the stabilization of conditions in key areas across Syria has restored some confidence in the local economy. Second, the government’s implementation of economic reforms, particularly measures to regulate currency exchange and curb inflation, has played a crucial role. Additionally, the easing of certain sanctions and increased regional support have provided a much-needed boost to the currency’s performance.
Regional Disparities in Exchange Rates
Senior Editor: The exchange rates vary substantially across Syrian governorates, with Hasaka recording the highest sale price and aleppo the lowest purchase price. Why do these regional differences exist?
Dr. Ahmed Mansour: These disparities reflect the uneven economic conditions across Syria. In areas like Hasaka, where security and access to resources remain challenging, the demand for foreign currency is higher, driving up exchange rates. Conversely, in more stable regions like Aleppo, improved infrastructure and economic activity have helped maintain lower rates.It’s a clear indication of how localized factors, such as security, trade, and governance, influence currency dynamics.
The Road Ahead for Syria’s Economy
Senior Editor: what steps should the Syrian government take to sustain this positive trend and ensure long-term economic stability?
Dr. Ahmed Mansour: Sustaining this recovery will require a multi-faceted approach. First, the government must continue to implement structural reforms to strengthen the financial sector and reduce reliance on foreign currency. Second, fostering trust in the banking system and encouraging investment in key industries like agriculture and manufacturing will be essential. addressing corruption and ensuring obvious governance will build public confidence and attract international support. If these steps are taken consistently, the Syrian pound’s resurgence could mark the beginning of a broader economic revival.