The Central Bank of Syria raises the exchange rate of the dollar.

While the parallel market continues to be in a state of confusion, the Central Bank, in its official bulletin on Monday, 10/02/2025, set the exchange rate of the US dollar at 13,200 Syrian pounds, an increase of 200 pounds from the previous bulletin.

The pound witnessed slight changes in the local market, with a rate of 9,800 for buying and 10,100 for selling in Damascus, while against the euro, the rate was 10,123 for buying and 10,438 for selling.

The Minister of Economy in the Syrian caretaker government, Basal Abdul-Hanan, stated that the fluctuation in the exchange rate of the US dollar against the pound is a result of traders' speculations, confirming that the price is "illusory," as he described it.

In the same context, the economic analyst Firas Shaabo believes that the Syrian pound is experiencing an "unrealistic situation," and that this exchange rate is also "illusory." The economic analyst described what is happening as a "liquidity crisis" according to one of three possible scenarios: mismanagement of the Central Bank, its transformation into a speculator, or the absence of liquidity after the fall of the Assad regime.