Enab Baladi – Zeinab Masri The Syrian Pound (SYP) value sank to a record low against the U.S. dollar (USD) on the black market at the end of January. For the first time, it exceeded 3,000 pounds to the US dollar, days after the Central Bank of Syria (CBS) issued the new 5,000 SYP note. The pound recorded an exchange rate of 3,020 against the U.S. dollar for sale and 2,990 for purchase on 28 January, according to Syrian Pound Today (a Syrian Pound tracking website). However, the official exchange rate remained unchanged at SYP 1,256/U.S. dollar, according to the CBS’s statements. Over the past two months, the SYP exchange rate fluctuated against the U.S. dollar, between 2,740 and 2,9
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