المرصد السوري لحقوق الانسان
The Syrian Observatory For Human Rights

Commercials for “support with one Lira,” the Central Bank closes exchange institutions and stops traders

In a statement, regime’s Central Bank of Syria announced several decisions concerning the closure of 14 exchange institutions and the suspension of a group of traders; who “played a role in the instability of the Syrian Lira, and manipulated money transfer and trading in the black market and gold.”
The statement also denied these institutions from practicing their work until the 30th of April, 2020, justifying these measures by “taking care of the right role required for the continued work of the exchange institutions in supporting the Syrian economy and the exchange rate of the Syrian Lira.”
And in this context, a campaign called “support with one Lira” is spreading in regime forces’-controlled areas, and it mostly does not exceed being an ad for a shop, and the content of this support is that “the one lira coin has a purchasing power in the shops that have joined the support with one Lira campaign.”
Within hours, several Syrian provinces joined the campaign, including Damascus, Daraa, Hama, Latakia, and Tartus, this follows the collapse of the Syrian currency against the US dollar, where the exchange rate exceeded 1250 Syrian pounds (Lira) per 1$, while the financial markets are witnessing a decline in the exchange rate, where it recorded 1000 SYP per 1$, but the prices remain high.

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