Search

Syrian pound

Starving a Nation: The Weapon of Tyranny in Syria

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.

Will Subsidies Change in The 2024 Budget?

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.

Regime to Introduce New 10,000-lira Banknote

Leaks by sources close to the regime are hinting that the latter might introduce a new 10,000 Syrian pound banknote as the national currency experiences a violent devaluation, according to Thiqa Agency.

Syrians Bracing for Expensive New School Year

As a new school year approaches, Syrian have to shop for supplies and clothes for their children, amidst a marked increase in prices, according to Athr Press.

Hazem Karfoul: Scapegoat or Corrupt?

Observers remain divided over the justification surrounding former central bank governor Hazem Karfoul’s dismissal, writes Baladi News.

Will 5,000-Pound Bill Make Debut Soon?

It has been speculated that a 5,000 Syrian pound bank note will soon be issued, but it is feared that the issuing will lead to inflation reports Etihad Press.

Regime Calls on Investors to Return

The regime has been forced to admit that its investment projects have failed, which it blames on an economic blockade, and has called for industrialists and investors to return writes Shaam News.

Damascus Southern Suburbs Lack Drinking Water

Towns in southern Damascus are experiencing severe water shortages, with no solutions from the authorities, and are being forced to pay high prices to water tankers reports Zaman Al-Wasl.

Unavailability of Fuel, Bread Worsens Suffering of Syrians

With a continuing lack of bread and ever rising fuel prices, Syrians are feeling the strain and becoming increasingly frustrated with long queues and the dire economic situation reports The Levant.

Makhlouf Uses Previously Withheld Funds for Donations

Rami Makhlouf has said that he will donate billions of Syrian pounds to help those affected by the recent fires, if the regime agrees to release the funds reports Baladi News.

Bicycle Prices Soar Due to Gas Crisis

The fuel crisis is pushing an increasing number of Syrians to switch to bikes, Al-Mashhad reports

Former Minister, Late Businessman’s Funds Seized

It has been announced that the former Minister of Internal Trade and Consumer Protection and late businessman Waheeb Merhi have had their funds seized, following accusations of importing frozen meat reports Majesty News.

Smart Card Cost of Sugar and Rice Increases

Following the changes to the exchange rate by the central bank, the cost of rice and sugar has been increased by Syrian Trading reports Etihad Press.

Syrian Ministry Denies Seizing Rami Makhlouf Assets

The Ministry of Justice has denied seizing the assets of Rami Makhlouf, amid reports in opposition media, while affirming that Syriatel must pay the requested funds writes Al-Masdar.

SDF Arrests ISIS Financial Official in Raqqa

The Syrian Democratic Forces have arrested a man they say worked with the Islamic State and provided them with financial assistance reports Smart News

Regime Fighters Bemoan Broken Regime Promises

Syrian men have spoken out against the claims by the regime that they will be compensated for their service in the army reports Etihad Press.

Money Collector Zaher Zunbarakji Arrested

Zaher Zunbarakji has been arrrested and is facing a minimum of five years in prison for illegally collecting money writes Al-Watan.

Prices Rise in Syrian Markets by 30 Percent

Following an increase to the salaries of government employees, some stores have increased their prices by an equivalent amount reports Brocar Press.

Very Light Increase in State Budget for 2020

At a session to discuss the draft state budget for 2020, some MPs were highly critical and sceptical of the numbers announced by the government writes Al-Watan.

The Regime Arrests Businessmen in Douma

Businessmen from eastern Ghouta, who were arrested by the regime, are being held for ransoms up to 50 million Syrian pounds reports Brocar Press.

Katerji Family Invests 300 Million Dollars in Cement

The Katerji family has announced that it will invest 300 million dollars in a cement factory near Aleppo, strengthening their control over the provinces’ reconstruction reports Zaman Al Wasl.

MPs Express Dissatisfaction With Government Performance

Members of parliament have attack the government for failing to properly handle the economic situation in the country and failing to address the poor living conditions of citizens reports Al-Watan.

No Place for Poor in Damascus During Ramadan

Families in Damascus are struggling to put food on the table during Ramadan due to the dire economic conditions that are plaguing the country writes Damas Post.

Economic Expert Warns Against Subsidies

The regime has been warned that, if it lifts the subsidies on gasoline, then the cost of living, which is already too high for many, will rise further reports Al-Iqtissadi.

25,000 Former Soldiers Apply for Support

The National Fund for Social Assistance hopes to secure a large number of public sector jobs for those who have completed their military service writes Al-Watan.

No Graves for the Dead in Damascus

The cemeteries of Damascus are full to overflowing and families wishing to bury their loved ones must first make a large donation, which many can’t afford reports Alsouria Net.

Economic Hardships Push Syrian Families to the Edge

The latest figures from the Central Bureau of Statistics show that inflation is running wild, and that many cannot earn enough to support their families writes Tishreen.

Central Bank Issues Certificates of Deposit

The certificates of deposit that will be issued by the Central Bank of Syria have a nominal value of 100 million Syrian pounds writes SANA.

Angry Messages Directed at Assad

Regime loyalists have taken to social media to express their anger with the handling of the crisis in Syria by the leadership reports Alsouria Net.

Agricultural Sector Revitalized in Deir ez-Zor

The government has announced the rehabilitation of the agriculture sector in Deir ez-Zor and which will positively impact the tens of thousands of returning people writes SANA.

Syria Considers Blocking Whatsapp Calls

A study has said that the banning of voice and video calls on social media apps would allow the Syrian telecoms sector to make bigger revenues reports Al-Modon.

Sorrowful Nowruz for the Kurds of Afrin

Lamenting the loss of their homes and livelihoods, there is little for Afrin’s Kurds to celebrate this Nowruz, Middle East Online writes

Searching for the Disappeared With Magic

Desperate to find their loved ones, family members are resorting to paying large sums of money to mystics to aid their search, Al-Akhbar writes

Who Stands Behind Kidnapping Gangs in the South?

Despite efforts by security agencies to halt the trend of tit-for-tat kidnappings in Daraa and Suweida, the lucrativeness of the trade is one major reason for its continuation among gangs, Tamaddon writes

Assad’s Militias Turn to Schoolchildren to Fill Manpower Void

Opposition outlet claims loyalist paramilitary groups are routinely exploiting Syrians’ needs for a stable income by recruiting children into their ranks for up to $200 a month, with many of them being sent to battlefronts without proper training

Assad Amends Law on Marital Status for Syrians Living Abroad

Syrian president amends civil status law deeming marriages valid if they take place in a foreign country, as long as citizens register the union at their local embassy or consulate, loyalist newspaper Al-Baath reports

Execution: The Price of Leaving Syrian Regime Areas in Deir-ez-Zor

Around 150,000 residents in regime-held districts of Deir-ez-Zor are living in prison-like conditions as they face siege by the Islamic State group, while those who are able to flee from the regime’s hell remain uncertain they will escape execution at the hands of ISIS members

Satellite Internet in Deir-ez-Zor: How ISIS Sets Up its Network

During its time in control of Deir-ez-Zor, ISIS has tried to manage internet cafes by controlling their work and recording users’ details, but users like traders and exchangers have remained largely outside the control of the group’s monitoring bodies

Regime Blocking Access to Baby Milk in Rebel-held East Ghouta

Around 19,000 infants are estimated to require baby milk in Eastern Ghouta, while the monthly cost of milk often reaches up to 39,000 Syrian pounds ($180), which is more than half of most residents’ income.

The Syrian Pound at Historic Crossroad

Are we witnessing a complete collapse of the Syrian pound during a short period of time, or is the regime’s Central Bank still able to reduce the speed of the collapse?

Syria’s Trading Game: Prices Inflate as the Dollar Falls

“It is the game of the traders; when the dollar exchange rate rises, shop owners raise the prices of their goods, even if they have been in storage. When the dollar exchange rate drops, their prices remain the same”

Syrian Textile Sector Loses 33 Billion SYP

Executive Office of Unions of Textile releases report claiming textile industry under-performed for 2014 with a shortfall of over 30 billion Syrian pounds

Electricity Theft Spreads in Hama

High cost of utility bills force families to tap electricity lines in order to carry out daily requirements

ISIS Raises Local Fighters' Salaries

New Islamic State recruits from the province of Deir-ez-Zor will receive a pay rise in order to attract local fighters to the organisation

Syrian Pound Collapses

As the pound plummets to 50-year low, Syria’s Central Bank offers 65 million USD to break its fall

Schools to Undergo Reconstruction

The Ministry of Education carries out maintenance and restoration operations in a number of destroyed schools

ISIS Imposes Zakat Tax on Aleppo Merchants

ISIS distributed sums of money to poor families in Raqqa, telling people that this money is ‘Zakat’ collected from the rich of the city

Taxation and the Rising Cost of Living in Syria

Meeting living expenses is a daily priority for Syrians, who are paying the costs of this conflict and the difficult conditions it has generated

Central Bank Works to Stabilize Currency

Mayyaleh says intervention will continue through both conventional and unconventional methods to increase imports and curb speculation.

Damascus' Summer of Discontent

“We fight boredom, and wait when there is electricity blackouts. And when electricity is available, we either watch TV or surf the internet.”

Nusra Front Announces its Laws in Edlib

The Nusra Front issued a number of laws, including economic and social with regard to the lives of civilians in the areas it controls in

New 500 SP Banknotes Released

The new banknotes depict the Syrian Opera House and a mosaic of the first music note in the world

A Slow Death

An Alawite employee describes the daily effort to stay alive

Damascus Children Face Grim Reality

Vulnerable youngsters languish in government-run centres or fend for themselves on the streets

Syria Creates Space Agency

Assad’s government decided to establish a “space agency” despite the civil war

Preparations for 2014 Budget

Halqi has instructed the ministries and public institutions to “rationalize and adjust” expenditure

The Poor Get Poorer in Syria

Four million Syrians are unable to secure their nutritional needs. A WFP report also indicates a 40 percent decline in wheat production from 4.5 million tons in 2012 to 2.4 million tons this year

What Goes Up Must Come Down

Why didn’t prices come down even after the dollar exchange rate dropped?

New Measures to Face Economic War

The government has added tea, bulgur, ghee and vegetable oil to the already subsidized materials

The Economic Menace of the Syrian Conflict

According to a report prepared by Sandra Sinno, a consultant at ESCWA, deposits moved to Lebanese banks from Syria have so far amounted to $11 billion