Amid ongoing economic instability in Syria, the value of the Syrian pound continues to fluctuate substantially against the U.S. dollar. Reporting on January 28, 2026, indicates a notable increase in the parallel market exchange rate, diverging from the official rate maintained by the Central Bank of Syria. this disparity underscores the challenges facing the Syrian economy, notably as the nation continues currency exchange reforms involving the removal of zeros from older banknotes.
Published On 28/1/2026
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آخر تحديث: 14:25 (توقيت مكة)
The Syrian pound continued its upward trajectory against the U.S. dollar in parallel markets on Wednesday, January 28, 2026, while the Central Bank of Syria maintained its official exchange rate in banks. This divergence highlights the ongoing challenges facing the Syrian economy and the multiple exchange rates in operation.
Syrian Pound Exchange Rate Against the Dollar in the Parallel Market
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- The exchange rate for the Syrian pound against the dollar in the parallel market increased by 160 pounds per dollar in Damascus, Aleppo, and Idlib, as well as other major Syrian cities, reaching 11,700 pounds for purchase and 11,770 pounds for sale.
- In Al-Hasakah, the Syrian pound increased by 250 pounds to 12,300 pounds for purchase and 12,350 pounds for sale.
Syrian Pound Exchange Rate Against the Dollar in Banks
- The Central Bank of Syria maintained the official exchange rate at 11 pounds per dollar for purchase and 11,110 pounds for sale, while continuing to replace the old currency with the new, removing two zeros from the old currency.
- Based on the Central Bank of Syria’s daily bulletin, the exchange rate for the new Syrian pound against the dollar is 110 pounds for purchase and 111 pounds for sale.
Currency Exchange
Financial institutions continue to exchange the new Syrian pound for the old, and the Governor of the Central Bank of Syria, Abdul Qader Al-Houssari, confirmed that all banks, including the Central Bank, are continuing this process throughout the week, within the 90-day period allocated for exchange according to the executive instructions issued in this regard.
Gold Prices
Gold prices in the Syrian market increased by 350 pounds per gram of 21-karat gold on Wednesday, January 28, 2026, compared to the price recorded on Tuesday, January 27, 2026, which was 17,250 pounds, according to the value of the new Syrian pound.
The Syrian Goldsmiths Association stated in its bulletin that the prices reached the following levels:
- Price of 21-karat gold gram: 17,600 pounds for sale and 17,100 pounds for purchase.
- Price of 18-karat gold gram: 15,100 pounds for sale and 14,600 pounds for purchase.
Gold prices rose today, exceeding $5,200 per ounce for the first time in history, supported by the decline of the U.S. dollar to its lowest levels in nearly four years, amid continued geopolitical concerns, ahead of the Federal Reserve’s decision on interest rates.
