Today’s dollar price in Syria: Syria faces great challenges!
The dollar exchange rate in the parallel market in Syria witnessed a slight decline during today’s morning trading. In the capital, Damascus, and the city of Aleppo, the price of the dollar in the parallel market reached 11,900 liras for purchase, and 12,200 liras for sale.
In Idlib, the dollar was traded at 11,800 liras for purchase and 12,000 liras for sale, while in the eastern region (Al-Hasakah) the price of the dollar reached 11,800 liras for purchase and 11,600 liras for sale.
As for the euro, its price on the black market ranged between 12,208 liras for purchase and 12,521 liras for sale, while the price of the Turkish lira recorded 333 liras for purchase and 344 liras for sale.
The Syrian Central Bank set the exchange rate of the dollar against the Syrian pound in banks at 13,000 pounds for purchase and 13,130 pounds for sale, and the average price reached 13,065 pounds per dollar.
The exchange rate of the euro against the Syrian pound reached about 13,399.10 pounds for purchase, and 13,533.08 pounds for sale.
As for the Turkish lira, its price was recorded at 367.53 Syrian pounds for purchase, and 371.20 Syrian pounds for sale.
Economist Ibrahim Qushji pointed to the economic transformations that Syria has undergone over the past decades, adding that the Syrian economy began with a period of prosperity, then moved to nationalization and central planning under the control of the public sector, and then to a poorly performing joint economy.
With the overthrow of the Assad regime at the end of last year, Qushji expected a major shift towards a market economy, pointing to major challenges facing this shift, most notably the dominance of industrial monopoly, stressing that balanced government policies will be necessary to achieve economic stability at this sensitive stage.
Qoshji explained that the Syrian economy has lost many elements of strength, with an almost empty treasury and deterioration in infrastructure, in addition to a major cessation of activity in the public and private sectors, noting that the SDF’s control over energy sources, in addition to economic sanctions, contributed to reducing productivity and the deficit. Balance of payments.
He also explained that the transition to a market economy aims to increase economic efficiency and attract investments, but the Syrian industrial sector may face great difficulties due to its reliance on monopoly and weak competitiveness, explaining that national products may not be able to compete with foreign products of higher quality and lower cost.
Qoshji called on the government to adopt long-term economic policies to achieve balance, while urging businessmen to restructure their institutions to be more competitive in new markets.
