Today, Saturday, the Syrian pound deteriorated again record on the black market, exceeding the threshold of 6 thousand against the dollar, according to electronic applications that monitor the movement of the currency, in one moment in which the fuel crisis in the country has recently worsened due to the conflict in course since 2011.
After years of war, Syria is witnessing a suffocating economic crisis, accompanied by a rise in material prices primenear-permanent power outages and fuel shortages.
Unofficial electronic apps monitoring the black market, followed by Syrians, showed the exchange rate stood at £6,010 against the dollar, AFP reported.
Merchants rely on the parallel market price, monitored by applications, to determine the prices of their products, while the official exchange rate approved by the Central Bank is 3015 pounds against the dollar.
The Syrian pound recorded its latest decline last October, when it crossed the five thousand mark.
Since the beginning of the conflict, the exchange rate of the Syrian pound has deteriorated by almost 99% on the black market.
However, the new deterioration coincides with a new asphyxiating fuel crisis which has prompted the government, in recent weeks, to adopt a new austerity policy in the distribution of petrol and to suspend for a day in plus public institutions and for two days in plus some universities due to lack of fuel for transportation.
The Syrian Sports Federation has also announced in recent days the postponement of all sports activities due to fuel shortages, in order to reduce the burden on sports clubs.
Damascus has always considered the economic sanctions that have been imposed on it as one of the main reasons for the continued deterioration of its economy on the one hand, and its inability to import its fuel needs on the other, especially with the most important oil fields outside the country. his control.
Today most Syrians live below the poverty line and 12.4 million people suffer from food insecurity, according to the United Nations, while the prices of basic necessities are in constant increase in the whole country.
Read More About: Business News