The average exchange rate of the dollar against the Syrian pound decreased today, Monday, November 30, 2020, for the second consecutive day in the parallel market.
The exchange rate of the dollar against the Syrian pound in the parallel market, “black”, was about 2,610 pounds for purchase, and 2,630 pounds for sale, which is about 80 pounds less than the prices of yesterday, Sunday, which recorded about 2,690 pounds for purchase, and 2720 pounds for sale.
The average price of the dollar against the pound in the parallel market varies according to supply and demand, and the geographical scope of the four main governorates, “Damascus, Aleppo, Idlib and Minij”, with differences of about 100 pounds.
In Syrian banks, the average exchange rate of the dollar against the pound has stabilized at about 1,250 pounds for purchase and about 1262 pounds for sale.
The Syrian economy is undergoing a severe financial crisis, amid government decisions, with a new increase in fuel prices, accompanied by pressures on the export sector abroad, and a drop in the country’s income from foreign exchange.
The losses of the Syrian economy from 2011 to the beginning of this year amounted to 530 billion dollars, which is equivalent to 9.7 times the GDP for 2010 at constant prices.
The economic data revealed that the trade deficit in Syria declined by 11% during the month of July, to about $ 461 million.
The “Syria Hashtag” website, which specializes in economic data, revealed that the Syrian economy recorded a decrease in the trade deficit last July by 11.11% to about $ 461 million, compared to the trade deficit in June of last year, which amounted to about $ 518.6 million. .
The website stated that the total Syrian imports decreased by 24.1% year on year in July 2020, while total exports grew by 76.5% year on year in July 2020.
The price of the euro and sterling
The average exchange rate of the euro against the Syrian pound in the parallel market was about 3122 pounds for purchase, and 3151 pounds for sale, while the sterling scored about 3472 pounds for purchase, and 3509 pounds for sale.
Real, dirham and dinar
The exchange rate of the Saudi riyal against the Syrian pound recorded about 694 pounds for purchase, and 702 pounds for sale, while the Emirati dirham recorded about 708 pounds for purchase and 716 pounds for sale, and the Kuwaiti dinar recorded about 8531 pounds for purchase, and 8621 pounds for sale.