Looming economic hardship | Syrian pound hits historic low, amid concerns over “Caesar Act” impact
The Syrian pound’s value continues to collapse against foreign currency, as the Syrian pound against the US dollar recorded 1,870 SYL in areas beyond the control of the Syrian regime in Aleppo and Idlib. Meanwhile, the Syrian pound against the Euro recorded 2,022 SYL, and the exchange rate of the Syrian pound against the Turkish Lira reached 272 SYL.
While in regime-held areas, the Syrian pound against the US dollar recorded 1,770 SYL, while the Syrian pound against the Euro recorded 1,913 SYL. Also the exchange rate of the Syrian pound against the Turkish Lira reached 258 SYL.
The currency plunge have been reflected in the sufferings of the Syrian citizen throughout Syria, while the Syrian authorities are completely unable to control the black market in the wake of the astronomical prices of staples and essential products.