On Thursday, the Central Bank of Syria set the USD exchange rate to SYP 55.55 for purchasing and transfers, while the rate for selling to SYP 55.89, thereby maintaining the same rate issues by the Bank the previous day in its Bulletin, the rate increased by 12 quirshs compared to the rates the bank issed on Tuesday SYP55.43.
The bank also issued in its Bulletin of foreign currency exchange rates of the Euro: selling for 72.53 (registering an increase of 11 quirshs more than Wendesday’s rates), and 73.42 for purchasing and transfers (registering an increase of 14 quirshs more than Wendesday’s rate).
Mr. Mohammad Nedal Al-Shaar, Minister of Economy and Trade last week that the Syrian Pound rate is relatively stable, and that the exchange rate of the Syrian currency is determined by supply and demand, pointing out that recently there has been no intervention in the market.
Sources from inside Syria’s Central Bank that the Syrian Pound’s current status is relatively stable considering the current situation the country is going through, The source also noted that the stock of Syrian Pound is very large and covers all the needs.