COGNICURRENT

Qatari Investment Holding is set to acquire significant stakes in Shehab Bank and a 30% share in the International Islamic Bank of Syria, marking the first foreign bank acquisition in the country since the fall of Bashar al-Assad.

The Syrian pound experienced a slight increase against the dollar in the black market, while the Central Bank of Syria maintained the exchange rate in banks amid the ongoing currency replacement operations.

The exchange rate of the Syrian pound has decreased in the black market against the dollar while the Central Bank of Syria continues to stabilize the rate in banks as it works to replace the old currency with a new one.