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The exchange rate of the dollar against the Syrian pound stabilized today, Saturday, November 14, 2020, on the parallel (black) market, amid the exacerbation of the supply shortage crisis.
The average exchange rate for the US dollar during early trading on Saturday morning was approximately 2,630 pounds for buying and 2,660 pounds for selling.
The exchange rate of the dollar against the Syrian pound at the Central Bank of Syria was stable at around 1,250 pounds for purchase and around 1,262 pounds for sale.
The average price of the dollar against the pound varies according to the geographic scope of the three main governorates, “Damascus, Aleppo and Idlib”, with differences of up to 50 liras.
The Syrian economy is going through a serious financial crisis amid government decisions, with a new increase in fuel prices, accompanied by pressure on the export sector abroad and a fall in the country’s foreign exchange earnings.
A few days ago, the Syrian government raised the prices of the subsidized gasoline and diesel that power factories and factories, amid the worsening fuel shortage crisis and economic collapse.
The losses of the Syrian economy from 2011 to the beginning of this year amounted to 530 billion dollars, which is equivalent to 9.7 times the GDP of 2010 at constant prices.
The latest figures available indicate that almost 80% of Syrians live below the poverty line and that, at the end of 2019, the unemployment rate reached approximately 40% and the unemployment rate increased further under government restrictions. to control the Corona virus.
The price of the euro and the pound sterling
The average exchange rate of the euro against the Syrian pound in the parallel market was about 3103 pounds for the purchase and 3143 pounds for the sale, while the price of the pound sterling in the Syrian market today, Saturday, registered some £ 3,447 for purchase and £ 3,496 for sale.
The price of the riyal, dirham and dinar
The price of the Saudi riyal stabilized against the Syrian pound on the black market, registering 699 pounds for buying and 710 pounds for selling, and the price of the Emirati dirham stabilized at a record 713 pounds for buying and 724 pounds for sale, while the Kuwaiti dinar recorded 8,581 pounds for purchase and 8,704 pounds for sale.
