New Decline in the Syrian Pound’s Exchange Rate

Damascus – The Syrian pound has seen a new drop in value against foreign currencies, with the US dollar exceeding the 12,000-pound mark on the black market, reaching an unprecedented level.

Economic Repercussions

This decline reflects the ongoing economic instability in the country, amid persistent challenges related to sanctions, dwindling resources, and declining domestic production.

Mounting Burdens on Citizens

The depreciation of the pound has led to a continuous rise in the prices of basic goods and food items, further worsening living conditions and increasing the burden on citizens.

Lack of Fundamental Solutions

Observers believe the continued devaluation of the currency is linked to the absence of effective economic solutions, as well as the impact of regional and international turmoil on local markets.