• Central Intervention raises the price of the Syrian pound


    Lost 3 quarters of its value since 2011

    Central Intervention raises the price of the Syrian pound

    Syrian pound value has risen in recent days against the US dollar, down to levels unprecedented in recent months. According to the Syrian news agency serafi French today, anonymity, the dollar today was between 115 and 123 pounds, whereas it was higher than the 160 pounds last week, but the he did not provide details of the reasons for it. Since the start of the conflict, Syrian mid March 2011, the Syrian currency lost three-quarters of its value against the dollar, down from 50 Syrian pounds to the dollar to more than 300 pounds in the summer of 2013.

    According to Syrian news sites with data and economic analysis, the Syrian currency due to intervention by the Central Bank of Syria in the markets, and the political and military developments which tend to benefit the Syrian authorities. The regular forces had regained control of the city last week, Ambassador in the northern province of Aleppo, on the supply route between the center of the country and President of Aleppo, in the North. In the past weeks, the central bank liquidity of dollar in local markets, and reducing the number of Exchange shops, and acted them refusing to sell the dollar to two people from the same family. Syrian could buy up to $ 10,000 per year.

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