The fall in exchange rate of the Syrian pound ignites the markets in areas of influence of “Tahrir Al-Sham” in conjunction with a severe fuel crisis
The Syrian pound fell to the lowest point, where the exchange rate recorded 700 SYL against the US dollar, while the controlled areas of “Hayyaat Thrir Al-Sham” and the factions have been witnessing significant increase in the prices of all foodstuffs.
The markets in Idlib have witnessed noticeable decline regarding purchasing for months, in conjunction with a severe crisis in these areas since locals of the northern countryside of Hama and the southern and eastern countryside of Idlib, started to displace, which resulted in considerable spreading of unemployment, the citizens also suffer from rapid increase of the prices of goods.
The areas under control of HTS and the factions is considered a free economic zone that are directly affected by exchange rates, and the markets recorded astronomical rise in imported goods prices.
This spike in prices also coincided with the entry of this year’s winter, and the depletion of fuel in the markets, along with imposing taxes upon agriculture productions, particularly olive oil and wheat, in addition to taxes imposed by the “Salvation Government”.
According to what SOHR documented in early September, regarding the prices of some foodstuffs, supplies and fuel in the northern countryside of Idlib, the prices were as follows: 550 SYL for petrol, 300 SYL for gasoline, 6100 SYL for a gas cylinder, while the prices increased currently where a liter of petrol is sold for 650 SYL, a liter of gasoline for 550 SYL and a gas cylinder recorded 7000 SYL.
Thus, many goods that depend on fuel recorded spike in their prices, the most important of which is bread, where the “Salvation Government” issued successive decrees about reducing the weight of one bundle of bread from 1 kg to 725 grams, in addition, the prices of consumer goods are being updated daily along with the rise and fall in exchange rate of the Syrian pound against the U.S. dollar.