After lifting the sanctions in coordination with Saudi Arabia … the high price of the Syrian pound against the dollar

The exchange rate of the Syrian pound against the US dollar jumped today, Wednesday, in the official and parallel market.
The US President Donald Trump announced during his Saudi visit yesterday, the lifting of economic sanctions on Syria, in coordination with His Royal Highness Prince Muhammad bin Salman, Crown Prince, Prime Minister.

The price of the Syrian pound

The exchange rate of the dollar was recorded against the Syrian pound, today, Wednesday, 11.110 thousand pounds for sale, and 11 thousand pounds for purchase.
According to reports, the price of the dollar against the Syrian pound in the parallel market in Damascus recorded 8900 for sale, and 8500 pounds for purchase, while the price of the dollar on the black market in the Aleppo market was 8500 pounds for purchase, and 8900 pounds for sale.
The price of the dollar in the black market was recorded in the Idlib market at 8500 pounds for purchase, and 8900 pounds for sale, while the price of the dollar in Hasaka reached 8500 pounds for purchase, and 8700 pounds for sale.
The decision to lift the sanctions on Syria came to breathe the lira, as the decision led to an immediate improvement in the exchange rate of the lira.
This comes amid optimism about the entry of international aid and new investments, which enhances the value of the Syrian pound.
The Syrian Central Bank had proven the official price of the lira, while the margin of pricing expanded banks and exchange companies, which contributed to the stability of the market.
The improvement in the value of the Syrian pound reflects the optimism of the markets with the possibility of recovering the Syrian economy, especially with expectations of increasing investments and international cooperation in the next period.
The great shift in American policy towards Syria came by lifting the sanctions imposed on Damascus, following the consultations of US President Donald Trump, with His Royal Highness Prince Muhammad bin Salman, Crown Prince and Prime Minister, and Turkish President Recep Tayyip Erdogan.
This announcement came during the Saudi-American Investment Forum in Riyadh, where Trump confirmed that the sanctions “played its role” and that the time has come for a “new beginning” for Syria.