The head of the Export Committee at Damascus Chamber of Commerce, Fayez Qassuma, announced that the value of dollar will decrease against the Syrian pound to 2,700 during the current month of Ramadan.
He said during a radio interview, “I will surprise you at 25th of Ramadan. You will see dollar exchange is 2700 and you will call me.”
He attributed the reason to the fact that “Ramadan is the month of remittances, but the central bank should attract Western Union transfers that allow receiving remittances from different parts of the world.”
The head of the Securities and Financial Markets Authority, Abed Fadela, supported “Qassima”, expecting the exchange rate to reach 2,700 on the 24th or 26th of Ramadan, “due to the increase in foreign remittances for Syrians.”
Fadela added another reason, which is an improvement in the commercial relationship that was “bad” for years with Jordan, in addition to the commercial relations with Iraq, adding: “There is a positive political horizon, not excellent, but that will have an economic, positive reflection, so I am optimistic.”