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New improvement of exchange rate of Syrian pound against US dollar

March 29, 2021

The markets recorded a new and better exchange rate on Saturday, as the value of the Syrian pound rose by 10%, financial and economic sources in the markets told “Al-Watan” daily.

The Syrian pound has improved by 10% within hours, and about 40% compared to the record low it reached 10 days ago, after strict measures taken by the state.

The demand for the Syrian pound is very high during the past few days, which is likely to lead to a further improvement in the exchange rate of the Syrian pound.

According to sources in the Ministry of Supply, commodity prices have also started to gradually decrease. The Minister of Internal Trade and Consumer Protection confirmed in an interview with Al-Watan daily that this week, prices will witness a tangible decrease as a result of the improvement in the value of the Syrian pound.