Dollar Declines Markedly While Prices Continue to Rise

The greenback is losing ground in the Syrian foreign exchange market, opposition website Al-Hal says

The purchase price of the dollar in the black market reached 445 Syrian pounds and the selling price 448 pound, while the euro purchase price was 547 and selling price 552.

As for the regime official prices, the rate of the dollar “for transfer and import operations” remained at 434 pounds, while the rate used for “special intervention” through banks was unchanged at 436.

The decline in the exchange rate did not contribute to a reduction in the prices of products because the dip was illusory, according to observers, and came in the context of speculators playing with the aim of collecting dollars from the pockets of citizens before reselling them in the market and then raising it again.

The price of 21-carat gold in Syria remained stable for the fourth week in a row, at 17,400 Syrian pounds, while 18-carat gold was at 14,914, according to the Syrian Pound Today website.

This article was translated and edited by The Syrian Observer. Responsibility for the information and views set out in this article lies entirely with the author.

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