Economy | Syrian pound recovers significantly in last 48 hours, and slight drop in prices in areas held by “Salvation Government”
Idlib markets have witnessed a slight decline in the imported materials’ prices, which include most of the foodstuffs and raw materials for manufacturing, as the value of the Syrian pound recovered significantly against the U.S. dollar. The currency value rose by about 300 Syrian pounds against the U.S. dollar during the last 48 hours. The exchange rate has recorded today 1,690 Syrian pounds per US dollar in Idlib city, while the exchange rate of the dollar has recorded about 2,020 Syrian pounds during the last 48 hours.
On the other hand, the Directorate General of Trade and Supply of the “Salvation Government” has issued a circular to its employees asking them to deal with traders who do not set prices in Turkish lira, and to impose the harshest penalties on them, which may result in closing the shop, starting today.
This comes as Eid al-Adha approaches, and the exchange rate fluctuations of the Syrian pound, with unbridled greed and exploitation of traders, as some of them do not comply with the pricing of materials and controls imposed by the Directorate.