The exchange rate of the Syrian Lira against the US Dollar has decreased.

Syria is witnessing disruptions in the exchange market amid the depreciation of foreign currencies against the pound, reflecting a superficial improvement in the local currency, but concealing a severe financial crisis and a lack of official clarifications from the Central Bank of Syria.

A large part of Syrians rely on external remittances, and with the sudden exchange rate improvement, the purchasing power of families depending on the dollar or foreign currencies has decreased, as the money they receive is now worth less when exchanged, negatively affecting their purchasing power despite some goods' prices decreasing.

It is worth mentioning that the Syrian Minister of Economy confirmed that the Central Bank of Syria and relevant authorities will intervene effectively to stabilize the exchange rate of the Syrian pound as part of the government's efforts to address the economic fluctuations affecting the country.