CBS sets USD exchange rate against SYP at 552.31 and EUR at 624.97

Damascus, SANA – The Central Bank of Syria (CBS) set on Wednesday the exchange rate of the USD against the Syrian Pound (SYP) at 552.31 for banks, 552.42 for exchange companies and 575 for transfers.

On Tuesday, the exchange rate of the USD against SYP was set at 537.41 for banks, 537.47 for exchange companies and 555 for transfers.

The bank also set the exchange rate of EUR against SYP at 624.97 for banks, 625.09 for exchange companies and 648.89 for transfers, while on Tuesday it set the EUR exchange rate at 607.81 for banks, 607.88 for exchange companies and 628.01 for transfers.

The CBS asserted on Tuesday that there are strong indicators that the foreign currency market began responding to the measures being taken to stabilize exchange rates, with foreign currency prices beginning to drop to around SYP 590 against 1 USD.

Barry/H. Said

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