7 Days
Source:
شبكة شام الإخبارية
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Sham Economic Report July 19 2026
The Syrian pound experienced a partial decline against the US dollar in the parallel market, with the buying rate reaching 132.75 pounds and the selling rate 133.50 pounds. Meanwhile, the Central Bank of Syria maintained the official exchange rate at 121.50 pounds for buying and 122.50 pounds for selling, reflecting a disparity between the market rate and the official rate while ensuring currency stability. Gold prices in the local market also rose in tandem with exchange rate fluctuations, with the price of a gram of 24-karat gold reaching millions. The prices of core precious metals remained stable. Economic policies have focused on combating tax evasion by issuing directives to enhance transparency, along with tightening smuggling operations and updating the investment sector, which recorded 1,430 applications during the first half of 2026, with expectations of creating more than 15,000 job opportunities. Additionally, projects have been announced to strengthen energy infrastructure and develop the textile industry, as part of the government's efforts to revitalize economic sectors and achieve financial stability.
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