In his earlier commentary for Al Jazeera, Dr. Karam Shaar had attributed the Syrian pound’s temporary strengthening to psychological reactions triggered by promises of sanctions relief. He explained that the announcement elevated expectations of higher demand for the pound—particularly amid returning diaspora and anticipated economic revival.

Dr. Shaar had cautioned, however, that the uptick was likely to be short-lived. He projected a potential peak around 7,500 SYP per USD, noting that any durable improvement would require structural change, not sentiment-driven speculation.

He further reaffirmed that real economic impact from sanctions relief remains months away due to the legal complexity of U.S. legislative procedures.