Intervention exchange price decreased to SYP 585 per 1 USD

Damascus, SANA – The Central Bank of Syria (CBS) announced decreasing, once again, the exchange price to SYP 585 per 1 USD, within the intervention plan announced last week.

Yesterday’s intervention exchange rate was SYP 590 per 1 USD.

In its statement on Wednesday, the CBS explained that according to the plan, each exchange company is committed to purchase USD 1 million, while each exchange office is committed to purchase USD 100,000.

Companies and offices have to sell the purchased foreign currency immediately to citizens without commissions under the penalty of closing the company or the office if the purchase process is not completed, according to the statement.

The CBS also set the exchange rate for financing imports and for transfers at SYP 575 against the USD.

Barry/H. Said

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