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According to the weekly report of the Damascus Research Center Medad, the reason for the decline in the exchange rate of the Syrian Pound comes because of a wave of large demand for the US dollar and the lack of the exhibition, in a state of fear and confusion in the market, in addition to the exploitation of speculators for these news to achieve significant gains, which Reflected negatively on the morale of the market, and pushed prices to high levels, and reached a maximum of 475 liras per US dollar.
To return and close the market last Thursday at 455 pounds, after the decline in the severity of statements hostile to the country, is expected to return the improvement in the exchange rate of the Syrian pound in the next few days after the tripartite aggression on the country less damage, as the pound is still receiving support from the factors The continued flow of remittances from abroad and the positive impact of the liberalization of the Eastern Gauta on markets.
Where the President of the Association of the sagha in Damascus, “Ghassan Jazmati” to a sharp drop in the exchange rate yesterday amounted to more than 20 pounds, indicating the return of the exchange rate of the dollar in the market to 440-443 pounds, which led to a change in the price of gold to drop the price of grams of gold 21 carats to 16,800 lira.
In the official market, the exchange rate of the Syrian pound against the US dollar has stabilized at the banks and exchange companies. The Central Bank of Syria continued to stabilize the price of the US dollar / Syrian pound at 436 Syrian pounds to the US dollar and the purchase price of the US dollar From abroad in Syrian pounds at 434 Syrian pounds, and the exchange rate of the Syrian Pound against the US Dollar according to the official bulletin at the level of 438 Syrian pounds for sale 435 Syrian pounds for purchase.
As for the exchange rate of the Syrian Pound against the Euro in the parallel market during the week, the Lira depreciated after the rise of the (EUR / SP) to the level of 570 Syrian pounds at the end of this week, compared with the level of 524 Syrian pounds recorded at the end of the previous week, And 8.78%. In the official market, the Syrian pound fell against the euro by 0.67%. The pair rose to 538.79 Syrian pounds at the end of the week compared to the level of 535.23 Syrian pounds at the end of the previous week.