Syrian Pound Surges, Dollar Plummets to 11,100 SYP in Historic Shift
Damascus, Syria – September 7, 2025 – The Syrian pound experienced a dramatic surge in value today, sending shockwaves through the country’s financial markets.The U.S. dollar plummeted to a recorded 11,100 Syrian pounds (SYP) on the black market, marking a important turnaround after years of consistent depreciation. This represents a ample enhancement in the lira’s value and has spurred increased commercial activity within local markets.
Currently,transferring funds reflects this new exchange rate: $1 equals 11,100 SYP,$100 equals 1,110,000 SYP,and $1000 equals 11,100,000 SYP.
Official exchange rates announced by central and local banks closely mirror black market figures, with minor provincial variations. As of today, September 7th, exchange rates are as follows:
| City | Purchase Price (SYP) | Selling Price (SYP) |
|———-|———————-|———————|
| Damascus | 11,100 | 11,150 |
| Aleppo | 11,100 | 11,150 |
| Idlib | 11,100 | 11,150 |
| Hasaka | 11,400 | 11,450 |
Hasaka province currently exhibits a slightly higher exchange rate compared to Damascus and Aleppo, indicating relative stability in the latter two economic centers.
Several factors are contributing to the dollar’s decline and the pound’s resurgence. These include increased financial support from Arab nations, especially Iraq, through enhanced trade and expanded oil exports. A rise in Syrian export activity, specifically in agricultural products and oil derivatives, is also playing a key role. Furthermore, policies implemented by the Syrian Central Bank aimed at market control and curbing speculation are having a positive impact. a gradual recovery is being observed across various economic sectors following years of recession.
Here’s a breakdown of currency transfer values:
| Amount in Dollars | Equivalent in Syrian Lira (SYP) |
|——————-|———————————–|
| $1 | 11,100 |
| $10 | 111,000 |
| $50 | 555,000 |
| $100 | 1,110,000 |
| $500 | 5,550,000 |
| $1000 | 11,100,000 |
Economists suggest that continued intervention by central banks, coupled with supportive government policies focused on boosting imports and exports, could sustain this downward trend for the dollar. However, they caution that fluctuations in the black market remain a significant influence on future expectations.
This dramatic shift represents a potential turning point for the Syrian economy, promising positive effects on the local market and citizen purchasing power. Ongoing monitoring of central bank actions and black market dynamics will be crucial in determining the long-term stability of the Syrian lira.