Currency plunge | Areas controlled by “Self-Administration” witness near-total closure of shops, as Syrian pound slumps

The areas controlled by the “Self-Administration” in north and north-east of Syria”, are witnessing the near-total closure of shops and the lack of buying and selling in markets, as shopkeepers and merchants don’t know yet how to sell their products due to current crisis, in addition to the closure of exchange offices after the value of the Syrian pound reached 3500 SYL against the Us dollar and the confusion in the exchange rate.

The province of Deir ez-Zor witnessed the closure of 95% of shops and exchange offices for the same reasons. Meanwhile, residents took to the streets in the villages and towns of Al-Dahla, Jadida al-Akidat, Muhimda, Hamar al-Ali and al-Houssan in Deir ez-Zor countryside, protesting the deterioration of living conditions in light of the high prices of basic materials, as is the case with the majority of Syrian areas.

The Syrian Observatory for Human Rights has monitored during the last 24 hours a very rapid collapse of the Syrian pound against the U.S. dollar.

Markets are witnessing an astronomical rise in the prices of basic materials and medicines in various Syrian provinces, as well as the loss of many of them, amid fears of a new uncontrollable humanitarian disaster.

In Damascus, the Syrian pound’s selling rate has recorded 3200 SYL against the dollar and 3,100 SYL pounds as buying rate, while the Syrian pound’s selling rate against the euro recorded 3616 SYL and 3498 SYL as  buying rate. Also the exchange rate against the Turkish lira has reached 472 SYL as selling rate and 455 SYL as buying rate.

In Idlib, the Syrian pound’s selling rate has recorded 3600 SYL against the dollar and 3,500 SYL pounds as buying rate, while the Syrian pound’s selling rate against the euro recorded 4096 SYL and 3951 SYL as buying rate. Also the exchange rate against the Turkish lira has reached 531 SYL as selling rate and 514 SYL as buying rate.