Despite pound recovery, why do prices not decrease in Syria? ...Syria

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Enab Baladi – Muhammed Fansa After the dollar jumped against the Syrian pound to 7000 SYP at the end of December 2022, it fell to less than 6000 SYP at the beginning of January, such a decrease does not reflect on commodity prices that took an upward path, especially after the official exchange rate rose. The Syrian Central Bank raised the official exchange rate for the dollar from 2,500 to 3,000 SYP and set the dollar exchange rate in the Banking and Exchange Bulletin at 4,522 instead of 3,015 SYP. The Central Bank also raised the price of purchasing dollars to deliver remittances received from abroad in Syrian pounds to 4,500 instead of 3,000 Syrian pounds. Meanwhile, the pound dec

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