Why the Syrian Pound Is Falling Against the Dollar (opens original article in a new tab)

The Syrian pound's exchange rate against the dollar fell to 14,500 for buying and 14,560 for selling, reflecting a decline due to factors like the gap between official and black market rates, increased demand for dollars for imports, and weak production. The Central Bank's fixed rate has not addressed these issues, leading to speculation and further depreciation.

• Syrian pound's exchange rate reached 14,500 for buying and 14,560 for selling against the dollar.
• The decline is due to the gap between official and black market rates, increased import demand, and weak production.
• Central Bank's fixed rate has not stabilized the currency, leading to speculation and further depreciation.