US dollar records over 5,000 SYP | Ongoing Syrian currency plunge in SDF-controlled areas triggers public anger
A large number of families living in areas controlled by Syria Democratic Forces are struggling with dreadful living conditions along with the ongoing freefall of the Syrian lira against the US dollar, as the Syrian pound against the US dollar has recorded 5,000 SYL. Meanwhile, the monthly salaries of employees working for the Autonomous Administration have been decreased to 100 USD.
In this context, SOHR activists have reported that the Syrian currency plunge has led to considerable increase in the prices of most of food stuffs and basic products; this, in turn, has led to a state of recession in markets, especially since merchants sell most of their products in the US dollar, or equivalent amount in Syrian pound.
One example, among many, a teacher in SDF-controlled areas gets a monthly salary of 260,000 SYP, equivalent to 52 USD, according to SOHR sources. Accordingly, most of the teachers have found themselves obligated to work for an additional shift in order to be able to secure their needs and pay their dues, including rental fees and expenses of water and electricity services.
On the other hand, civilians who own trucks have complained of the high cost of repairing their trucks on industrial markets, as they have to pay in US dollar; this have forced many to leave their trucks unrepaired untile they are able to secure the required money.
According to SOHR sources, all employees and workers in institutions of the Autonomous Administration deal in US dollar on markets, although they receive their salaries in the Syrian currency. Some sources of the Autonomous Administration justified the delivery of salaries in the Syrian pound to the efforts exerted to supporting the value of the Syrian currency against the US dollar.
In light of the skyrocketing prices and ongoing freefall of the Syrian currency, Syrian civilians find themselves forced to follow a austere pattern of consumption in their daily life, so that they can secure their essentials.