Today’s dollar price in Syria: a noticeable decline among cities!
The currency markets in Syria witnessed a noticeable decline in the price of the US dollar today, Tuesday, December 24, 2024.
In Damascus, the price of the dollar fell in the parallel market to 13,800 liras for purchase and 14,200 liras for sale. In Aleppo, the dollar recorded the same decline, reaching 13,800 liras for purchase and 14,200 liras for sale.
As for Idlib, the price of the dollar fell to 13,100 liras for purchase and 13,600 liras for sale, while Al-Hasakah witnessed a greater decline, as the price of the dollar reached 12,800 liras for purchase and 13,300 liras for sale.
On the black market, the price of the euro recorded 14,342 liras for purchase and 14,342 liras for sale, while the price of the Turkish lira reached 390 liras for purchase and 403 liras for sale in the Damascus market.
On the other hand, the Syrian Central Bank set the price of the dollar in banks at 14,650 liras for purchase and 14,800 liras for sale, while the price of the euro reached 15,281.77 liras for purchase and 15,434.58 liras for sale, while the price of the Turkish lira recorded 416.25 liras for purchase and 420.41 liras for sale.
Regarding remittances coming from abroad, the Central Bank announced that the dollar price for delivering remittances will be 14,650 liras.
Financial expert Ziad Al-Hashemi considered that the Syrian pound is going through a transitional phase, pointing to its improvement after getting rid of previous monetary policies that lacked real support in hard currency or gold, adding that the transition towards free market economic policies may contribute to a partial improvement of the value of the lira, especially if The authorities took measures to improve the economic situation.
In a related context, the Central Bank of Syria issued a circular stipulating the liberalization of the daily withdrawal ceiling from merchant accounts designated for electronic payment operations, with the aim of enhancing electronic payment services in cooperation with banks and licensed payment companies, to facilitate the use of electronic payment channels for all segments of society.
The circular explained that the accounts concerned with the issued withdrawals are designated exclusively for implementing electronic payment operations and are separate from the other bank accounts of merchants.
On the other hand, Hassan Hazouri, professor of economics at the University of Aleppo, sent a message via his personal page to the management of the Central Bank of Syria, criticizing some exchange companies in Aleppo for not adhering to the official bulletin of foreign currency rates issued by the bank.
Hazouri called for adopting a balanced exchange rate, even if it is higher than the market price, to attract foreign currencies, and suggested obliging gas stations to price gasoline and diesel in Syrian pounds according to the official price.
At the international level, International Monetary Fund spokeswoman Julie Kozak expressed the Fund’s readiness to help Syria meet its financial and reconstruction needs in the future.
But Kozak stressed that it is too early to provide an economic assessment of the current situation, expressing her hope that Syria will be able to address the humanitarian, social and economic challenges it faces, and rehabilitate the Syrian economy.
