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Markets await Syrian pound shifts

Markets await Syrian pound shifts

The Syrian markets are experiencing a state of anticipation following the decline in the dollar's exchange rate, as the Central Bank of Syria announced a third reduction in the value of the Syrian pound against the dollar within two months, setting the exchange rate at 118.5 pounds for buying and 119.5 for selling. Despite improvements in the unofficial market, challenges related to volatility and fluctuations still persist. Experts emphasize that market stability depends on factors such as exchange rate balance, economic policies, and foreign currency inflows, and that the current impact on prices is expected to be limited.

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