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شبكة شام الإخبارية
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Sham Economic Report August 27, 2026
The Syrian pound experienced relative stability against the US dollar and foreign currencies, with the black market exchange rate approximately at 132 pounds per dollar, compared to an official rate of 122.50 pounds. The local market continues to be linked to precious metals prices, which have seen increases in gold, platinum, and silver per gram. At the same time, the holding of the Damascus International Fair underscores its significant importance in strengthening economic cooperation and investment, especially with Syria's return to the global financial community following its removal from terror lists. This paves the way for restoring banking relations, increasing financial flows, and attracting investments. Efforts are also focused on developing ties with Turkey and advancing the electronic payments sector by connecting the local payment system with the Visa network. Additionally, there is work being done to organize the export sector and tourism industry as part of initiatives to invigorate the Syrian economy through diversifying economic activities and facilitating international buying and selling operations.
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