The year 2025 witnessed significant developments concerning the Syrian Lira, navigating two distinct yet interconnected paths. One involved the practical aspects of issuing the new currency, re-evaluating its value, and implementing the exchange procedures. The other focused on the technical intricacies of exchange rates, both official and parallel market rates.
Throughout the year, the Syrian economy faced considerable pressure, impacting the stability of its currency. The Central Bank implemented various measures to control inflation and manage the exchange rate, but these efforts were met with challenges due to ongoing economic instability and regional uncertainties.
Key moments included:
- The official launch of the new Syrian Lira, accompanied by government statements emphasizing its role in stabilizing the economy.
- Fluctuations in the parallel market exchange rate, reflecting the ongoing demand for foreign currency and the limited availability of hard currency reserves.
- Policy adjustments by the Central Bank, including interest rate changes and interventions in the foreign exchange market, aimed at curbing inflation and maintaining a stable exchange rate.
Analysts suggest that the future trajectory of the Syrian Lira will depend on several factors, including progress in political reconciliation, the implementation of economic reforms, and the overall stability of the region. The government’s ability to address these challenges will be crucial in determining the long-term value and stability of the currency.
DZWatch will continue to monitor these developments and provide updates on the Syrian Lira and its impact on the Syrian economy.
