Note improvement .. What is the reality of the Syrian pound now?

During the past few days, the Syrian pound has witnessed a remarkable improvement against the dollar, which sparked anxiety between experts and citizens alike.

In the wake of the fall of the regime of former Syrian President Bashar al -Assad on the eighth of December, the exchange rate of the dollar in Syria reached its peak, as it reached more than 15 thousand pounds, but after a while the price began to decrease in the black market to reach about 8 thousand pounds in days The latter.

The exchange rate stabilized despite the fluctuations that occurred at about 9 thousand and a hundred pounds on Friday morning, which made the issue of the exchange rate occupy the minds of the Syrians inside and outside the country at the same time.

In the interpretation of this improvement, economist Younis Al -Karim pointed out that the recent rise in the value of the lira is due to the policies taken by the Syrian Central Bank, which included the liquidity imprisonment in the markets in a strict manner.

Al -Karim explained that “the central bank worked to improve its reserves of foreign pieces by collecting funds transferred from abroad, as well as increasing restrictions on exchange companies, which prompted the market to pressure in an attempt to collect the dollar.”

He pointed out that the central bank tightened liquidity drying operations through banks, despite the. About a low exchange rate compared to the previous, but it prevented citizens from withdrawing transfers in the Syrian pound.

Although the high value of the lira is surprising, the cream has warned that this improvement is only temporary. He pointed out that pumping liquidity into the market may lead to a further deterioration of the economy.

As for the policy of the central bank, the cream considered that “the central bank does not have a clear policy in dealing with the economic situation.” (Arabi 21)