Damascus, Syria – November 26, 2025 – The Central Bank of Syria today launched a comprehensive plan aimed at bolstering the nation’s economy following 14 years of financial isolation and international sanctions, signaling a potential shift towards recovery. This move comes as Syria actively seeks strategic partnerships with international investors to revitalize its industrial sector and foster technology development.
According to the Central Bank of Syria’s exchange bulletin, the official exchange rate for the US dollar is 11,000 Syrian liras for purchase and 11,110 liras for sale, with an average price of 11,055 liras per dollar. The euro is valued at 12,761.10 pounds for purchase and 12,888.71 pounds for sale. The Turkish lira is trading at 259.88 Syrian pounds for purchase and 265.48 Syrian pounds for sale.
However, the parallel market presents a different picture. In Damascus,the US dollar is being exchanged for 12,075 pounds for purchase and 12,125 pounds for sale. Similar rates – 12,075 liras for purchase and 12,125 liras for sale – are reported in Aleppo and Idlib. Al-Hasakah shows a slightly higher rate of 12,275 liras for purchase and 12,325 liras for sale.
On the black market, the euro is currently valued at 13,836 liras for purchase and 13,899 liras for sale, while the Turkish lira is trading at 281 liras for purchase and 284 liras for sale.
Currently, $100 USD is equivalent to 1.152 million Syrian pounds based on Central Bank transactions.
Deputy Minister of Economy and Industry, Basil Abdel Hanan, emphasized the importance of international partnerships and knowledge transfer in Syria’s recovery path, noting a national strategy focused on rebuilding a robust production base and enhancing competitiveness through rehabilitation of existing projects and development of industrial infrastructure.
Data from the General Administration of Industry indicates that 532 craft licenses were issued from the beginning of the year through the end of the third quarter,employing 2,219 workers across the food,chemical,textile,and engineering sectors.
