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Middle EastSyria
First report 56m ago•Last update 24m ago

Syrian Central Bank Issues Official Exchange Rates, Lira Depreciates

The Syrian Central Bank released official exchange rates for the Syrian Lira against the US Dollar, showing a depreciation of the local currency.

Background

Syria has been experiencing a prolonged economic crisis, exacerbated by conflict and international sanctions. The Syrian Lira has seen significant depreciation over the past decade, impacting the cost of living for citizens. The government and central bank frequently intervene with exchange rate policies amidst ongoing financial instability.

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