The dollar continued to rise against the Syrian pound in the parallel (black) market, during early trading today, Thursday, and fell against the rest of the currencies.
وبلغ The price of the dollar in Syria 2879 liras to buy and 2902 liras for sale compared to 2870 to buy and 2895 to sell yesterday.
The average price of the dollar changes against lira, In the parallel market, according to supply and demand, and the geographical scope of the main governorates of “Damascus, Aleppo, Idlib and Manij”, with differences of about 50 Syrian 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 losses of the Syrian economy
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 country’s public debt rose to about 208% relative to the GDP, and the local currency (the Syrian pound) lost about 97% of its value over several years, in addition to the country’s unemployment rate reaching 42%, according to a study prepared by the Syrian Center for Studies Research.
The study revealed the disastrous effects of the armed conflict between Syrians at various levels, indicating that the country’s poverty rate has increased from 1% in 2010 to about 86% of the population by the end of 2019.
The price of the euro and sterling
The exchange rate of the euro on the parallel market (black) was 3529 for sale and 3509 for purchase, compared to 3520 pounds for purchase, and 3485 pounds for sale yesterday.
The price of the pound sterling recorded 3908 for purchase and 3951 for sale, compared to 3895 pounds for purchase, and 3939 pounds for sale on Wednesday.
The price of the riyal, dirham and dinar
The price of the Saudi riyal rose to 765 pounds for purchase and 776 for sale, compared to 763 pounds for purchase, 773 pounds for sale yesterday.
The Emirati dirham increased in the Syrian black market to 781 pounds for purchase and 790 for sale, and the Kuwaiti dinar price jumped to 9459 pounds for purchase and 9569 for sale.
A recent study revealed that the poverty rate in Syria had risen to about 86% by the end of 2019.
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.