Syrian pound improves after central bank raises exchange rate ...Egypt

AMMAN (Reuters) – Syria’s currency rose on Sunday in the first day of trading after the central bank raised the official price to attract foreign transfers and capital inflows from Syrian expatriates away from the black market, dealers said. They said the pound was trading around 2,990 to the dollar on Sunday, its strongest level since late December. Traders said sentiment had improved after Syria raised its official exchange rate on Thursday to 2,512 to the dollar from 1,256, bringing it closer to informal market rates. The improved rate will encourage transfers by Syrian expatriates through licensed banks rather than the black market, where most foreign exchange dealing is done, bankers s

Hence then, the article about syrian pound improves after central bank raises exchange rate was published today ( Monday 19/04/2021 - 10:31 AM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Syrian pound improves after central bank raises exchange rate )

Also on site :

• Amazon’s ‘Powerful’ Electric Scrub Brush Helps Reach the Hard-to-Clean Spots — Tackle Grime Now for 40% Less
• Land sold for Kushner-backed Albania resort suspected of forged deeds
• Quote of the Day: Harper Lee on the Power of Empathy and Seeing the World Through Someone Else’s Eyes