Today, Monday, November 28, 2022, foreign exchange rates in Syria witnessed slight changes, while the exchange rate of the US dollar witnessed a significant increase in the black market in Syria, in early morning trading.
The price of the dollar today in Syria
The exchange rates of the US dollar on the black market, once morest the Syrian pound, today, Monday 11-28-2022, in the markets of the capital, Damascus, recorded 5510 pounds for purchase, compared to 5555 pounds for sale for the US dollar.
The price of the Syrian pound once morest the Turkish lira
The price of the Turkish lira once morest the Syrian pound reached 294 Syrian pounds at the time of purchase, while the selling price amounted to 299 Syrian pounds.
The price of the euro today in Syria
Today, the exchange rate of the euro once morest the Syrian pound reached 5,723 pounds for purchase, and 5,775 pounds for sale.
Factors affecting the Syrian pound
The Syrian pound continued to fall once morest the US dollar on the black market, as the Syrian pound suffered a decline at its lowest levels since the beginning of the conflict in 2011, as it lost most of its value on the black market.
This comes amid expectations that the value of the Syrian pound will continue to deteriorate for a longer period, in light of the lack of a real way out for the severely declining Syrian economy.
The price of the dollar today, Monday, November 28, in Lebanon
The price of the US dollar in Lebanon recorded stability in black market transactions, once morest the Lebanese pound today, Monday 11-28-2022, as it reached the level of 40.4500 pounds for purchase, and 40,250 pounds for sale, following it reached yesterday, Sunday, the level of 40,400 pounds for purchase, and 40,200 pounds. For sale for US dollars.
The price of the dollar today in banking
The price of the dollar, through an exchange platform once morest the pound, stabilized at 30,300 Lebanese pounds per dollar, according to the exchange rates of the operations carried out by banks and exchange institutions on the platform.
The price of the dollar today in the Bank of Lebanon
The Central Bank of Lebanon announced that the exchange rate of withdrawals from dollar deposits in Lebanese pounds reached 8,000 pounds per dollar.
The reason for the decline of the Lebanese pound once morest the dollar
The Lebanese pound began to gradually decline since 2019 once morest the US dollar, coinciding with an acute liquidity crisis and banks stopping providing depositors with their money in dollars, while the official exchange rate is still fixed at 1507 pounds.
The Lebanese pound lost 90% of its value, due to the financial collapse, which entered its third year and led to widespread poverty, paralysis in the financial system, and the freezing of depositors’ savings in the largest crisis in Lebanon since the civil war between 1975 and 1990.
The Lebanese economy is facing great difficulties during the last three years that have put the country’s currency in a critical situation, especially in light of the continued ambiguity of the political situation.
The gold price in Saudi Arabia today, Monday, November 28, 2022
The gold pound is close to 12 thousand.. Gold prices today, Monday, November 28
The gold price in the UAE today, Monday, November 28, 2022
