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Central Bank Raises the Syrian Lira Against the Dollar

The Central Bank of Syria has announced an increase in the exchange rate of the Syrian lira against the US dollar and other foreign currencies in an official bulletin issued today, Sunday, marking the second such step since the beginning of 2025.
The bank set the exchange rate of the Syrian lira against the dollar at 12,000 lira for buying and 12,120 lira for selling. It also set the exchange rate for the euro at 12,976.80 lira for buying and 13,106.57 lira for selling, and for the Turkish lira at 320.81 lira for buying and 324.02 lira for selling.
The bank clarified that the exchange rate of the US dollar in its transactions with licensed banks is 12,000 lira for buying and 12,120 lira for selling, and it set a price fluctuation margin of 5%.
On January 5 of this year, the bank issued its first bulletin for 2025, in which it set the exchange rate of the Syrian lira against the dollar at 13,000 lira for buying and 13,130 lira for selling. It also set the exchange rate for the euro at 13,399.10 lira for buying and 13,533.09 lira for selling, and for the Turkish lira at 367.53 lira for buying and 369.37 lira for selling.
At that time, the bank also indicated that the exchange rate of the US dollar for remittances received from abroad is 13,000 Syrian lira, noting that this rate will be applicable from the date of the bulletin's issuance until further notice.
The Syrian lira has experienced a significant increase in value against the US dollar since the ousting of the former Syrian regime’s president, Bashar al-Assad, on December 8, following a series of consecutive collapses since 2011.
This improvement coincides with the return of tens of thousands of displaced and expatriate individuals to their homeland following the regime's fall, and the repeal of decrees prohibiting the circulation of foreign currencies, which led to a revitalization of market activity. In the days following Assad's escape, the dollar reached approximately 15,000 Syrian lira, having approached 35,000 lira just days before.
This improvement has also been accompanied by the new government's announcement of its goals to enhance the economic situation and create an attractive investment environment for capital, amid numerous significant economic and financial challenges.
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- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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