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Syrian Pound Maintains Stability Against US Dollar Amid Economic Pressures
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Amid ongoing economic challenges, the Syrian Pound (SYP) exhibited remarkable stability against the US dollar (USD) on Saturday, June 21, 2025. This stability is closely monitored by Syrian citizens, as currency fluctuations directly impact local markets and the prices of essential goods.
Current Exchange Rates Across Syria
Here’s a snapshot of the Syrian Pound’s performance in key Syrian cities:
- Damascus: The Syrian Pound is holding steady at approximately 9,875 SYP for purchase and 9,950 SYP for sale.
- Aleppo: Similar to Damascus, Aleppo’s exchange rates reflect stability, with buying and selling prices mirroring those in the capital.
- idlib: The Syrian Pound maintains its position at around 9,875 SYP per USD for purchase and 9,950 SYP per USD for sale.
- Hasaka: In hasaka, the exchange rate records approximately 10,050 SYP for purchase and 10,150 SYP for sale.
these rates reflect the market prices as observed in local banks and exchange bureaus.
Central bank Rates
The Central Bank of Syria reports an average exchange rate of 12,000 SYP per USD for purchase and 12,120 SYP per USD for sale. These rates often serve as a benchmark for official transactions and can influence broader market trends.
Did You Know? The Central bank of Syria plays a crucial role in managing the country’s monetary policy and influencing exchange rates.
Factors Influencing the Syrian Pound
Several factors contribute to the Syrian Pound’s valuation. One notable influence is the return of Syrian nationals from neighboring countries like Lebanon and Jordan. Increased remittances and economic activity associated with returning citizens can bolster confidence in the local currency.
Additionally, the Syrian government’s efforts to ease restrictions on foreign currency trading have played a role in stabilizing the pound. These measures aim to foster a more transparent and accessible financial environment, encouraging investment and economic growth.
Pro Tip: Monitoring government policies related to foreign exchange can provide valuable insights into potential future movements of the Syrian Pound.
Syrian Pound to US Dollar Exchange Rates – June 21, 2025
| City | Purchase Rate (SYP/USD) | sale Rate (SYP/USD) |
|---|---|---|
| Damascus | 9,875 | 9,950 |
| Aleppo | 9,875 | 9,950 |
| Idlib | 9,875 | 9,950 |
| Hasaka | 10,050 | 10,150 |
| Central Bank of Syria | 12,000 | 12,120 |
The relative stability of the Syrian Pound offers a degree of predictability for businesses and individuals navigating the country’s challenging economic landscape.However, ongoing monitoring of economic indicators and geopolitical developments remains crucial for anticipating future currency movements.
