Today’s dollar price in Syria: The lira is stable

The price of the US dollar witnessed stability on the black market in various Syrian cities during today’s trading, while the prices of other currencies recorded a slight variation.

Black market prices:

• Damascus:
  • Dollar: 13,200 liras to buy, and 13,400 liras to sell.
• Aleppo:
  • Dollar: 13,200 liras to buy, and 13,400 liras to sell.
• Idlib:
  • Dollar: 13,200 liras to buy, and 13,400 liras to sell.
• Al-Hasakah:
  • Dollar: 12,900 liras to buy, and 13,100 liras to sell.
• euro:
  • 13,697 liras to buy, and 13,909 liras to sell.
• Turkish Lira:
  • 371 liras to buy, and 379 liras to sell.

Official exchange rates according to the bulletin of the Central Bank of Syria:

• Dollar:
  • 13,500 liras to buy, and 13,567 liras to sell.
• euro:
  • 14,073.23 liras to buy, and 14,143.60 liras to sell.
• Money transfers in dollars:
  • 13,500 liras to purchase.
• Turkish Lira:
  • 384.91 liras to buy, and 388.75 liras to sell.

Syria witnessed radical economic changes at the end of 2024, after the fall of Bashar al-Assad’s rule on December 8, as a result of measures taken by the new political administration, which began restructuring the monetary policies of the Central Bank of Syria.

During the year 2023, the last official exchange rate for the “remittance dollar” was 12,700 liras, which represents a decline of 6.29% during 2024, which is a limited decline compared to what the lira witnessed in 2023, as the last official price of the dollar reached 3,000 liras in 2022, which means a decline. By 323% in just one year.

After the fall of the previous regime, the Central Bank of Syria moved towards an almost complete floatation of the Syrian pound, allowing external transfers to be delivered in foreign currencies according to the beneficiary’s desire. It was also allowed to deal in foreign currencies in local markets, which was considered a crime under the previous regime.

Despite allowing dealing in currencies other than the lira, the Syrian currency has witnessed a noticeable improvement in recent days, in an unexpected development given the significant decline it had previously experienced.

The previous government forced beneficiaries of foreign remittances to receive them in lira with a difference of up to 20% compared to the black market. It also imposed strict restrictions, such as dealing exclusively in dollars to obtain official documents through embassies, and exchanging $100 upon entering the country at the official rate.