Syrian pound into deteriorating further despite security and economic procedures ...Syria

ُEnabbaladi - News

Enab Baladi – Jana al-Issa The value of the Syrian pound began to decline against the US dollar last March, exceeding the value that it maintained for a period of no less than eight months, ranging between 3,500 and 3,600 per dollar. In recent months, the value of the pound has fallen to break the 4,000 Syrian pound barrier in mid-July, reaching 4,500 Syrian pounds per dollar in mid-August. Amid the previous adjusting of the value of the pound by means of security measures more than economic ones, the Central Bank of Syria (CBS) justified the recent depreciation of the Syrian pound by speculating on the exchange rate, promising to “put an end to speculators.” Why is the pound depreciating? S

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Last updated : 25 August 2022 clock 06:53 PM

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Syrian pound into deteriorating further despite security and economic procedures ...Syria

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