The Syrian pound improves against the dollar .. And dealers talk about heavy losses

The Syrian currency on Monday cleared some of the losses recently suffered, when the exchange rate of the dollar against the lira fell 7% to 645 pounds sterling per dollar.

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The decline came after the exchange rate of the US dollar on the black market Sunday at 691 pounds sterling per dollar, according to the newspaper "homeland" Syria.

According to the newspaper, there is no reason to explain the sharp rise and the biggest drop in two days; only the fearful operations that hit the traders and speculators in the market led to buying before yesterday at any available price, which prompted many money changers to hold the dollar, the offer has strongly dropped, Faced with an increase in demand, with the spread of rumors on various social networking sites, the price on the rise.

Specialized sources on the Syrian foreign exchange market attributed the rise of the lira yesterday to the actions of the Central Bank of Syria and certain stakeholders to control the liquidity of the market, without injecting the dollar into the market.

The sources added that the losses of those who bought Sunday exceeded £ 45 per dollar, knowing that there were some who were asking for the dollar at any price yesterday, so they rushed to sell that. that they were buying to the dollar to reduce the loss.

Source: Al Watan

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