The Syrian Pound Continues to Slide Against the Dollar

Economic woe continue in Syria, as the price of the Syrian pound against the dollar and the euro continues to fall, but good news if you own gold writes Alsouria Net.

On Monday, the exchange rate of the Syrian pound against the US dollar witnessed further decline, according to the markets in Damascus and Aleppo. The Syrian pound was sold in Damascus at 504 pounds to the dollar and purchased at 502 pounds to the dollar. In Aleppo, a dollar was sold for 502 pounds and bought for 500 pounds.

The pound also fell against the euro, selling for 570 pounds to the euro and being bough for 566 pounds in Damascus, while in Aleppo a euro was bought for 563 and sold for 566 pounds.

In Damascus, the Turkish lira was sold for 94 Syria pounds and bought for 93, and in Aleppo, the Turkish lira was sold 94 and purchased for 92 pounds.

The price of gold rose slightly. A gram of 21-carat gold is valued at 17,100 pounds, while a gram of 18-carat gold is sold for 14,657 Syrian pounds.

 

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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