Syria dollar rate drops on September 16

The dollar rate in Syria today experienced a new increase against the lira in the black market, reaching 134.75 lira for buying and 135.25 lira for selling in Damascus, compared to stability in the Central Bank's exchange rate at around 122.50 lira for selling. This comes as Syrian President Bashar al-Assad seeks to transform the economy into an open and free economy, aiming to elevate the economic size from about $20 billion in 2024 to $200 billion over the next 5 to 10 years, compared to $60 billion in 2010. This disparity between the black market and official rates reflects the impact of economic and political changes on the Syrian currency's exchange rate.

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