The exchange rate of the Syrian pound continued its sharp decline against the dollar in the parallel market, as it broke the 1,000-pound barrier down, amid unprecedented rises in the prices of all commodities.

The dollar was trading for 1025 pounds to buy, while the sale price was 1035 pounds.

The collapse of the exchange rate of the Syrian pound coincided with a record increase in the price of gold, the price of which was more than 40,000 Syrian pounds.

The Syrian currency touched the barrier of one thousand pounds against the dollar early last month, but without exceeding it.

Since the beginning of the new year, the lira has lost about 11% of its value against the major foreign currencies, after last year it lost about 44% of its value.

The exchange rate of the Syrian pound has deteriorated sharply during the past months, in conjunction with Washington and Western countries imposing a package of economic sanctions on the Syrian regime.

According to United Nations estimates, Syria needs approximately $ 250 billion to restart its domestic economy.