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Lebanon , Thursday 16 April 2026

Syria weakens official exchange rate

Published on: Sunday 01 January 2023

Syria weakens official exchange rate DAMASCUS (Reuters) - Syria weakened its official exchange rate to 4,522 Syrian pounds to the dollar, a central bank statement said on Monday, while black market rates used for most economic activity sat around 6,500. The official rate was previously set at 3,015. An economic crisis in the country has been triggered by years of conflict, Western sanctions, a currency squeeze in part due to a


News source: https://www.msn.com/en-us/money/markets/syria-weakens-official-exchange-rate/ar-AA15T2JX

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