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.
Under these contracts, volunteers will receive a monthly salary of two million Syrian pounds, as well as bonuses, Shaam Network says.
The family of Syrian refugee opposition figure Yassin Mohammed al-Atar, 31, announced their son’s commencement of a hunger strike to protest his continued unjustified detention by Lebanese General Security.
Former Economy Minister Lamia Assi questioned the logic behind increasing salaries while allowing prices of essential commodities like bread and oil derivatives to skyrocket.
The latest round of European sanctions has impacted Syrian companies and institutions linked to individuals closely associated with Syrian President Bashar al-Assad and his wife.
The Syrian presidency is conducting its anti-corruption campaign, discreetly and away from public attention, Hashtag Syria says.
Reinsurance options are scarce following the withdrawal of European, Western, and foreign reinsurers, primarily due to the war and economic sanctions in Syria, Athr Press reports.
A new law could require individuals under the age of 42 to present a reserve service document when applying for a passport, according to Syria TV.
The exchange rate has plummeted from 47 Syrian pounds twelve years ago to 12,600 Syrian pounds today, Tishreen writes.
UNDP labelled food insecurity in Syria as reaching a “historic level”, according to Shaam Network.
The Accounts and Budget Committee in the People’s Assembly is currently deliberating on the Ministry of Electricity’s budget and considering potential reductions, Athr Press says.
