Syrian pound continues its fall against the US dollar

The Syrian pound has continued its fall in the Syrian markets to reach unprecedented level of 605 Syrian Pounds for each US dollar.

Financial experts attributed this sharp fall to the exhaustion of hard currency in the Assad regime’s Central Bank which did not distribute any dollars to the money exchange companies in territories under the regime control despite previous promises to do so.

Informed sources stated last week that Assad regime’s reserves of hard currency are only 700 million dollars, while they were more than 20 billion dollars.

The Russian military withdrawal from Syria had a psychological influence on Assad supporters who felt secured in the presence of the Russian jets in Syria.