Lira Post-Eid: Support versus Pressure

After Eid al-Adha, the Syrian pound continues to experience persistent fluctuations and weakness, reaching levels close to 13,900 pounds per dollar on the parallel market. This occurs amid seasonal pressures from increased demand for dollars and deeper economic challenges related to production, liquidity, and monetary policies. Experts' forecasts indicate that the future course depends on factors such as financial inflows, the economy's capacity to boost production, and the stability of monetary policies, with the currency potentially declining further if these pressures persist. Additionally, prices of essential food items have risen following the holiday, as economic and financial factors intertwine to influence the stability of the pound and the sustainability of its purchasing power.