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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Syrian Pound continues its recovery against the USD

    Rocky
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    • Post n°1

    The Syrian Pound continues its recovery against the USD Empty The Syrian Pound continues its recovery against the USD

    Post by Rocky Fri 01 Dec 2017, 2:12 am

    [size=30]The Syrian Pound continues its recovery against the USD[/size]
    30/11/2017 11:30 | Number of readings:
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    [rtl]Trend Press / Agencies[/rtl]

    [rtl]The exchange rate of the Syrian pound continued to improve against foreign currencies on Thursday against the dollar, recording a big rise and reached about 400 pounds on the black market for buying, recording a decline of about 59 pounds while in the central bank 434 pounds.[/rtl]
    [rtl]The continued decline in the dollar exchange rate for more than two weeks has led to a market stalemate and stagnation as this fall in the exchange rate has not been matched by price declines.[/rtl]
    [rtl]The Governor of the Central Bank of Syria Duraid Dergham expressed his fear of speculation and said that this decline in the exchange rate is closely monitored, in anticipation of any speculative operations in the markets.[/rtl]
    [rtl]The government headed by Emad Khamis held a special meeting yesterday to discuss the impact of the exchange rate and its variables on the movement of economy and production, especially export, and to take measures to spare the export sector the consequences of the decline in the dollar exchange rate against the pound. From the Ministry of Economy and Foreign Trade to work on developing proposals to support exporters.[/rtl]
    [rtl]According to a press release of the Council, "it was decided to work on issuing certificates of deposit in Syrian pounds at an encouraging interest rate. The meeting constituted a real step towards consensus on the lesson of moving the interest rate, which helps attract deposits to the Syrian banking system."[/rtl]
    [rtl]The statement stressed that the exchange rate is subject to close monitoring on a daily basis by the concerned authorities in the government and the Central Bank and is being followed up gradually. The central bank earlier cut its dollar exchange rate on Monday morning to reduce the margin with the black market, reduce speculations and control the market price.[/rtl]
    [rtl]The statement pointed out that one of the reasons for the improvement of the Syrian pound began the return of some stocks with the return of hundreds of Syrian individuals and increase the movement of exports of various products and the volume of remittances from Syrians abroad to their families and their partners at home, in addition to the amounts of the dollar, which is discharged daily in the market after the price improvement Exchange of the lira.[/rtl]
     

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