Syria Dollar Rate Stable on August 31

The Syrian pound experienced relative stability in its exchange rate against the dollar in official transactions, with its rate fixed at 122.50 pounds by the Central Bank of Syria. Meanwhile, the black market saw a slight increase, with the dollar trading in Damascus at 131.5 pounds for buying and 132.0 pounds for selling. In Al-Hasakah, the rates were 132.7 pounds for buying and 133.2 pounds for selling. Currently, 100 U.S. dollars are worth about 13,150 Syrian pounds on the black market. This development followed the execution of the first international transactions in Syria by Visa and Mastercard, marking an important step toward reconnecting the country with global payment networks after Syria was removed from the list of state sponsors of terrorism.

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