The Triple Crisis: Market Liberalisation, Currency Volatility and Subsidy Dismantling in Syria’s New Era
ULTRA SYRIA
November 17, 2025
The gap between income and inflation has exacerbated poverty, Ultra Syria writes.
The gap between income and inflation has exacerbated poverty, Ultra Syria writes.
The Ministry of Energy defended the decision, citing the sector’s massive deficits and the urgent need to revise tariffs to maintain service.
The Central Bank’s latest directive mandates that banks treat their exposure to Lebanon as fully impaired, removing such assets from balance sheets and recognising them as expenses, Marco Olabi writes.
Most taxis in Damascus have been in service for over 20 years, turning them into a liability both for their owners and for passengers, Enab Baladi writes.
Scenes of violence against women in Syria recur as if part of the daily news cycle, Daraj writes.
Introducing a new currency involves more than redesigning banknotes or cutting zeros, Syria TV writes.
Even in areas spared direct conflict, the blockade has triggered secondary crises, 963 writes.
Speaking to al-Ikhbariya, researcher Wael al-Amin described northeastern Syria as the “heart of national wealth,” accounting for more than 90% of the country’s economic resources.
Dr. Razi Mohieddin, chairman of Rabitat Consulting, suggested that the announcement of a no-debt policy is more a reflection of Syria’s current isolation and sanctions than a deliberate strategic choice.
Export support is critical for improving the competitiveness of domestic agricultural products, according to al-Hurriya.
On January 5, the Damascus interim government announced a 400 percent salary increase for public sector employees, according to Minister of Finance Mohammad Abazeed
While remittances remain a vital lifeline for millions of Syrians, their potential benefits could be undermined by speculative trading, liquidity shortages, and the influence of black-market currency dealers, al-Souri al-Yom argues.
One of the central pillars of the new economic vision is privatization, but that path must be carefully structured.
The dollar’s exchange rate dropped by a notable 9% on the parallel market Thursday.
The government’s economic decisions included the removal of customs duties that had been imposed by the previous regime for years on imports to offset the state’s fiscal deficit, Syria TV writes.
The main vault of the Central Bank was spared from thefts because it is bomb-resistant and requires three separate keys, held by different individuals, as well as a complex code to open it, Enab Baladi reports.
Many fear this move signals a return to the inheritance-style governance previously practiced by the Assad family, according to Shaam Network.
The Syrian regime has refined the cruel tactic of using starvation as a weapon of War : the destruction or confiscation of agricultural crops, combined with the manipulation of food markets to inflate prices, Syria TV says.
A prominent economic researcher and university professor recently presented a preliminary overview of the draft general budget for 2025. Dr. Mounir al-Hamash told Al-Mashhad that
Five arrested individuals were found with $3,500 and 31.6 million Syrian pounds, Enab Baladi reports.
