Friday - 19 Apr 2024 | 00:02:04 Home  |  Sitemap  |  RSS   
 Gerasimov: Russia calls on SCO countries to participate in Syrias reconstruction   ::::   Damascus International Fair to witness wide international participatio   ::::   Ryabkov: UNSC to hold emergency session to discuss situation in Idleb   ::::   US-led coalition admits responsibility for killing 77 civilians in Raqqa last summer   ::::   Jubata al-Khashab in Quneitra is clear of terrorism   ::::   Lavrentiev: Moscow stands by Syria sovereignty Russian forces are there to combat terrorist organizations   ::::   Final statement of Astana 10 round affirms preserving Syrias sovereignty and territorial integrity   ::::   New batch of displaced Syrians return from Lebanon   ::::   Army liberates 8 towns and villages in al-Yarmouk basin, moving closer towards ending terrorism in Daraa countryside   ::::   As the Syrian army liberated Quneitra of terrorism, it will restore the occupied territory   ::::   South Ossetias President concludes his visit to Syria: Enhance aspects of cooperation with Damascus   ::::   Moscow: Consultations underway to lift unilateral economic sanctions on Syria   ::::   Zakharova: White Helmets involved in fabricating lies and criminal acts   ::::   Families of Russian Martyrs visit Syria, affirm joint war against terrorism   ::::   Presidents al-Assad and Bibilov affirm importance of launching bilateral relations between Syria and South Ossetia   ::::   46 buses carrying hundreds of terrorists on board exit from Quneitra countryside   ::::   Lavrov underlines importance of helping Syria in reconstruction   ::::   National flag hoisted in Naseeb town paving way for return of state institutions   ::::   Russian air defenses down UAV in Hmeimim   ::::   Terrorists who refused to join reconciliation in Mahajjeh town in Daraa northern countryside evacuated to northern Syria   ::::   Syria condemns the new Jewish racial law   ::::
Home » Business & Finance
Share |
CBS weekly report: USD stable against SYP, euro rises by 0, 04%
DAMASCUS – The US Dollar steadied against the Syrian Pound at SYP 47,69 in its weekly trading, while the Euro started off its weekly trading at SYP 70,60 and closed at SYP 70,86 recording a 0,04 % increase.
According to the Central Bank of Syria (CBS) weekly report, The increase in the Euro/SYP exchange rate can be attributed to the rise of the Euro over the week benefiting from the decline of the US Dollar on the background of the slowdown in the USA economic growth, in addition to some expectations that the European Central Bank to raise the interest rates for the second time.
The stability of the SYP can be attributed to the CBS effective procedures to support the SYP in the face of the repercussions of the conspiracy targeting Syria's national economy and to meet the foreign exchange needs in the local markets.
Dealing with Euro in the local market is still restricted due to the fluctuation of its exchange rate and the international doubt in its ability to compete with Dollar as an international currency.
Wednesday 2011-05-11  |  22:41:38   
Back Send to Friend Print Add Comment
Share |

Would you like to comment on the subject ? 
: Your Name
: Country
: Subject
: Comment

: Code
Copyright - All rights reserved
Powered by ©