Economy | Syrian pound plummets against foreign currency, while bread crisis continues in Aleppo
SOHR sources have reported a light tumble in the exchange rate of the Syrian lira against foreign currency, as the selling rate of the Syrian lira reached 3,145 SYP and the buying rate was 3,205 SYP against the dollar, while 3,871 SYP for selling and 3,806 SYP for buying against the euro. On the other hand, the price of one gram of 21 carat gold reached 167,379 SYP.
On the other hand, Syrian Observatory activists have reported that the bread acute shortage continue throughout Aleppo city, as long lines are still seen in front of bread bakeries for the third consecutive week, amid the government’s inability to control the crisis and put an end to the crowds in front of the bread bakeries in the city.
On June 12, SOHR activists reported deteriorating bread crisis across regime-held areas, Aleppo city in particular, as civilians were seen awaiting for hours in long lines in front of bread bakeries. Meanwhile, many civilians were forced to buy their bread from black market, which has made these civilians shoulder extra burdens, especially since the price of a pack of bread rose from 900 SYL to 1,500 SYL.
On the other hand, all areas under the control of the Syrian regime were suffering form acute lack of natural gas, as the government was unable to secure the residents need of gas, at a time when a gas cylinder is sold in black market at a very high price which approximates 35,000 SYL.
Moreover, regime-held areas were struggling with poor transportation services due to the low amounts of state-subsidized fuel allocated to public means of transportation as well as the high costs of traveling by private means of transportation.
On June 2, Syrian Observatory activists confirmed that the poor transportation services in regime-controlled areas came to the fore once again, traveling between cities and villages in particular, after the end of the “farcical show” of the presidential election, where the president of the Syrian regime illegally won a new presidential term.
According to SOHR sources, the reason behind the deteriorating transport crisis was attributed to the decline in amounts of fuel allocated by regime government to the means of public transportation, at a time when regime media was preoccupied with the regime’s “victory” in the presidential election and focuses on the “happiness” of the pro-regime individuals who represented 3% of the Syrian people. Regime-held areas were also suffering from chronic livelihood crises, including the power outages for long hours daily, ongoing interruption of drinking water in several neighbourhoods and cities and prohibitively high prices of essential products.