Lebanon today »The price of the dollar today in Syria … a historical decline amid major transformations!

Important Disclaimer: The prices offered for the dollar exchange rate in the table are instantly updated based on the latest available data.

The article was written on 02/03/2025. As for the exchange rate of the dollar, it is updated instantly based on the latest available data, and it may change at any time according to the fluctuations of the market.

The Syrian pound against the dollar on the black market witnessed a remarkable improvement, for the first time since 2023, when the American currency lost about 2100 pounds since last Thursday, according to specialized sites at exchange rates.

This improvement was driven by major political and economic changes, most notably the decision to resolve the Syrian People’s Assembly and cancel the 2012 constitution, in addition to Ahmed Al -Sharaa assuming the presidency of the country during the transitional period, which strengthened optimism about the future of the Syrian economy and contributed to motivating the markets.

In conjunction with these developments, the United States announced the reduction of the sanctions imposed on Syria, which allowed the increase in financial transactions and the lifting of restrictions on some banking transactions, which supported the flow of liquidity within the Syrian economy and contributed to improving the performance of the lira.

Syrian President Ahmed Al -Sharaa arrived yesterday in the Kingdom of Saudi Arabia, on the first official visit since he took over the presidency of Syria, and said that he had touched a real desire to support Damascus, and the Kingdom’s keenness to support the will of the Syrian people and the unity and integrity of their lands.

Another factory that helped the lira to improve is the government’s decision to raise the salaries of employees by 400%, which led to an increase in the demand for the Syrian pound against the dollar, as citizens resorted to draining foreign currencies to cover their needs, and contributed to enhancing their value in the black market.

The economist, George Khuzam, explained that the decrease in the price of the dollar is partially due to the speech of Syrian President Ahmed al -Shara, which gave positive signals on the political and economic future of Syria, which prompted many Syrians to abandon the dollar and return to saving in the lira, and reducing demand for hard currency.

According to Khuzam, the expectations about the flow of Arab investments and the deposit of billions of dollars in the Syrian Central Bank contributed to increasing the supply of the dollar in the market, which led to a decrease in its price, adding that the economic recession, low production, and the layoff of workers reduced the demand for the dollar to buy raw materials and imported goods What contributed to the decline in its value on the black market.