The exchange rates of the Syrian pound witnessed a new deterioration in black market trading, as it fell to 8250 against the US dollar.
And the Syrian pound against the US dollar recorded at the opening of today’s market the lowest level in its history, and its exchange rate in the capital, Damascus, reached (8200 selling – 8075 buying), and in Aleppo (8250 selling – 8175 buying).
During the past few hours, the Syrian pound lost a large part of its value against the dollar, as it was also registered in the Idlib market (8210 selling – 8160 buying), and in the Hasakah market (8180 selling – 8130 buying).
The reasons for the Central Bank of Syria’s inability to intervene in the market are due to its lack of sufficient quantities of foreign exchange.
According to the latest bulletin issued by the regime’s “Central Bank of Syria,” on April 30, 2023, the exchange rate of one dollar amounted to 7,500 Syrian pounds, for operating banks, exchange companies and offices, and the exchange rate for foreign remittances and individuals.
Coinciding with the significant decline in the exchange rate of the Syrian pound against the US dollar, gold prices recorded a new jump at the local level, and the price of a gram of gold reached (399 thousand Syrian pounds – 18 carat) and (465 thousand Syrian pounds – 21 carat).
