2025-03-23T14:17:53+00:00

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Shafaq News/ The Central Bank of Syria (CBS) unified all its
exchange rate bulletins into a single document titled the “Official
Bulletin,” the bank announced on Sunday.

The CBS also revealed that the exchange rates published in
the bulletin—including buying, selling, and the median rate—will be determined
based on a review of exchange rate fluctuations and relevant economic factors.
These rates will remain subject to change in accordance with market dynamics
and foreign currency supply and demand.

“The move is part of ongoing efforts to standardize exchange
rate publications, address discrepancies in exchange rates, and mitigate their
negative effects. The decision also aims to narrow the gap between the official
and parallel market rates while curbing speculative trading, in line with
directives from the Prime Minister’s Office,” the CBS pointed out.

Additionally, the CBS granted licensed banks and exchange
institutions greater flexibility in issuing their own exchange rate bulletins
for transactions with the public. These rates must adhere to the daily price
movement margin set by the central bank, allowing financial institutions to
adjust their pricing within a specified percentage range above or below the
official rate.

According to Lira Today, a website tracking black-market
exchange rates, rates for the US dollar ranged from 10,250 to 10,650 liras.
Meanwhile, the Central Bank of Syria recently raised the official exchange rate
to 12,000 liras per dollar for buying and 12,120 liras for selling.