Regime Loses Control of the Syrian Pound

Lira continues to collapse as the Assad regime fails to control rising inflation

The Central Bank of Syria has raised the dollar exchange rate to 220 Syrian pounds (SYP), in a move seen by experts as a sign the Assad regime has lost control of the currency. The dollar exchange rate against the Syrian pound was raised on Thursday to 220.62 SYP for banks, and 220.91 SYP for exchange companies.


 

The Central Bank recently identified the dollar exchange rate for intervention in commercial and non-commercial purposes at 219.81 SYP.


 

Meanwhile, the bank’s exchange rate against the euro reached 249.71 SYP, 250.03 SYP for exchange companies, and 248.74 SYP for intervention in commercial and non-commercial purposes.

 

Translated and edited by The Syrian Observer

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