CBS decreases intervention exchange price to SYP 580 per 1 USD

Damascus, SANA The Central Bank of Syria (CBS) announced decreasing, once again, the exchange price to SYP 580 per 1 USD, within the intervention plan announced last week.

In its statement on Thursday, the CBS also set the exchange rate for financing imports and for transfers at SYP 570 against the USD.

Wednesday’s intervention exchange rate was set at SYP 585 per 1 USD and the exchange rate for financing imports and for transfers at SYP 575.

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.

Barry / Ghossoun

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