syria’s ongoing economic crisis deepened monday as the syrian pound continued its decline against the U.S. dollar, even as the nation’s central bank maintained its official exchange rate. The diverging values highlight the severe financial strain impacting the war-torn country and its citizens. This comes as Syria attempts to reintegrate into the global financial system following the recent restoration of its access to the SWIFT international messaging network after a years-long suspension.
Published On 24/11/2025
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آخر تحديث: 15:08 (توقيت مكة)
The Syrian pound continued to depreciate against the U.S. dollar in morning trading on the parallel market Monday, while the country’s central bank maintained its official exchange rate. The diverging rates highlight the ongoing economic challenges facing Syria.
Syrian Pound Exchange Rate on the Parallel Market
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- In Damascus, Aleppo, and Idlib, the exchange rate fell to 11,940 Syrian pounds per dollar for purchases, down from 11,920 pounds the previous evening. The selling rate also decreased to 11,990 pounds from 11,970 pounds.
- In Hasakah, the exchange rate remained stable at 12,150 pounds for purchases and 12,200 pounds for sales.
Official Exchange Rate
The central bank continues to hold the official exchange rate at 11 pounds per dollar for purchases and 11,110 pounds per dollar for sales.
Syrian Pound Exchange Rate Against the Euro
The Syrian pound experienced a slight decline against the euro during today’s trading:
- In Damascus, Aleppo, and Idlib, the exchange rate fell by 0.38% to 13,772 pounds per euro for purchases and 13,834 pounds per euro for sales.
- In Hasakah, the exchange rate remained stable at 13,985 pounds for purchases and 14,007 pounds for sales.
Syria Rejoins SWIFT
The Central Bank of Syria sent its first SWIFT message to the Federal Reserve in New York last Thursday, as part of the lifting of sanctions against Syria. This reconnection to the international financial system is a crucial step for Syria’s economic recovery.
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Reuters reported that Central Bank Governor Abdulkader Housseine said, “We sent a greeting message to all international correspondent banks. We started with the Federal Reserve… We are telling them that we have returned to the international financial system, and we look forward to long-term commercial relationships.”
Syria requires substantial financial transfers through Western financial institutions to fund large-scale reconstruction efforts and stimulate an economy devastated by war.
