Dollar surge against Syrian pound

The prices of the dollar have increased in the Syrian black market, with a rise of 70 lira compared to previous transactions. The buying rate has reached approximately 13,130 lira, and the selling rate around 13,180 lira in the cities of Damascus, Aleppo, and Idlib. Meanwhile, in Al-Hasakah, the highest rates recorded are 14,205 lira for buying and 14,280 lira for selling. Syrian banks, on the other hand, maintained the official exchange rate stable at 12,150 lira for buying and 12,250 lira for selling, amid expectations that trading will continue within a limited range due to fluctuations in supply and demand. The rise in the unofficial market is attributed to the renewed activity in foreign currency demand. Market forecasts suggest that the current situation will persist, with markets reacting to regional developments, oil prices, and tensions that influence the movement of the dollar in Syria.

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