The average exchange rate of the dollar against the Syrian pound stabilized during the trading on Saturday, January 16, 2021, in the informal (black) parallel market.
The price of the dollar in Syria during the beginning of Saturday’s trading, at the parallel (black) market, was about 2865 pounds for purchase, and 2890 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 main governorates “Damascus, Aleppo, Idlib and Manbij” with differences of about 50 pounds.
The price of the dollar in bank transactions stabilized at 1,250 pounds for purchase and 1262 pounds for sale, with monetary pressures remaining on the local market due to US sanctions imposed on the country.
The Syrian economy is going through a severe financial crisis amid government decisions with an increase in fuel prices, accompanied by pressures on the export sector abroad, and a drop in the country’s income from foreign exchange.
A recent study revealed that the poverty rate in Syria had risen to about 86% by the end of 2019.
The price of the euro and sterling
The European euro exchange rate on the parallel market (black) was about 3465 pounds for purchase, and 3501 pounds for sale, compared to 3470 pounds for purchase, and 3505 pounds for sale, during Friday’s trading.
The price of the pound sterling recorded about 3,888 pounds for purchase and 3,932 pounds for sale, compared to about 3,897 pounds for purchase, and 3,941 pounds for sale on Friday.
The price of the riyal, dirham and dinar
The price of the Saudi riyal stabilized during early trading on Saturday morning at the parallel market at 762 pounds for purchase, and 771 pounds for sale.
The Emirati dirham also settled on the Syrian black market at 777 pounds for purchase, and 787 pounds for sale.
And the price of the Kuwaiti dinar recorded today, Saturday, about 9,438 pounds for purchase, and 9,546 pounds for sale, compared to 9,437 pounds for purchase, and 9,545 pounds for sale yesterday.