Central Bank Sells 3.6 million Euros to Exchange Companies

The Central Bank has sold the equivalent of 3.6 million Euros to exchange companies at a price of 174.13 SP, or 135 SYP to the U.S. Dollar

The Central Bank of Syria Thursday announced that it sold the equivalent of 3.6 million Euros to exchange companies at a price of 174.13 SP, or 135 SYP to the U.S. Dollar.

 

"The move is part of a strategy to interrupt foreign currency prices, to keep the price of the Syrian Pound stable," the Central Bank said in a statement.

 

It said the sale included 1.7 million Euros directly, and what amounted to 1.9 million Euros in other foreign currencies to exchange companies.

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