Lebanon today »The price of the dollar today in Syria .. The lira registered a remarkable improvement after articulated political decisions

Massive update …

The price of the lira against the US dollar witnessed, last Thursday, on the black market, a local improvement in an increase of 1,400 pounds in one go, after the dissolution of the Syrian People’s Assembly and the abolition of the 2012 constitution, with Ahmed Al -Sharaa assumed the presidency of the country in the transitional phase.

The economist, George Khuzam, attributed the decline in the price of the dollar in Syria in recent days to several factors, most notably the speech of President Ahmed Al -Shara, who has strengthened confidence in the country’s political and economic future, which prompted individuals to prefer saving in lira instead of the dollar, and thus the demand for the currency decreased Difficult.

In a Facebook post, Khuzam explained that the expectations about pumping Arab investments or providing financial benefits, or even depositing billions of dollars in the Syrian Central Bank, contributed to strengthening the supply of the dollar in the market, which led to a decrease in its price.

The economist pointed out that the recession of the Syrian markets, the decline in production, and the demobilization of workers are all factors that led to low income and consumption, which reduced the need for the dollar to buy raw materials and imported goods, which contributed to its decline in its value.

Khuzam stressed that the continued decrease in the price of the dollar is directly linked to the achievement of expectations about possible deposits in the central bank or the flow of huge investments, and in the event that these expectations are not achieved, the dollar may reflect its direction and return to rise at rates that exceed the current decline.