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SYP exchange rate against USD remains stable

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Editing: Hazem Halak |
Translation: Nouha Salti
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Publication date: 2020/06/30 10:07

Syria – SMART

The Syrian pound exchange rate against the United States dollar remained stable at about 2,500 SYP in most Syrian governorates.

On Tuesday, local sources reported to SMART that the SYP exchange rate against the USD in the Syrian government forces-controlled Damascus reached 2,500 SYP for sales and 2,450 for purchase, decreasing by 100 SYP from the exchange rate of June 28, 2020, as it was 2,600 for sales and 2,500 for purchase.

Owners of money exchange shops said that the SYP exchange rate in the Idlib governorate, Northern Syria, reached 2,500 for sales and 2,450 for purchase, decreasing by 100 SYP from the exchange rate of June 28, 2020.   

In the al-Raqqa governorate, Northeastern Syria, the SYP exchange rate reached 2,500 for sales and 2,480 for purchase, while in Aleppo, Northern Syria, it reached 2,500 for sales and 2,400 for purchase.

Owners of money exchange shops also said that the exchange rate of the Turkish lira which is used in the market of the Idlib governorate as an alternative to the SYP reached 365 SYP for sales and 355 for purchase.

The Association of goldsmiths in Damascus reported to Facebook that the price of one gram of 21-carate gold reached 108,000 SYP for sales and 107,500 for purchase, while one gram of 18-carate gold reached 92,571 SYP for sales and 92,071 for purchase.

On Wednesday, June 17, 2020, the USA imposed economic sanctions on 39 Syrian entities under the Caesar Act, including Bashar Al-Assad, the Syrian government president and his wife.

People in Syrian government-controlled areas suffer from several problems, including the lack of medicine, water, household gas, and fuel, in addition to food high prices and increased energy rationing hours. These problems are a result of the sanctions imposed by the USA and the European Union.