Damascus, SANA – Chairing a Cabinet meeting on Tuesday, Prime Minister Wael al-Halaqi said that preserving the stability of the Syrian Pound is a main concern of the government, which is taking various steps to this effect.

The Prime Minister called for taking steps to address shortages in water supplies to ensure that drinking water is available in all provinces during summer.

Local Administration Minister Omar Ghalawanji reviewed the state of living conditions and services in Deir Ezzor city, while Foreign and Expatriates Minister Walid al-Moallem reviewed the latest political developments on the regional and international levels, in addition to the results of the recent visit of UN Special Envoy on Syria Staffan de Mistura, during which the broad lines of his initiative for restoring stability to Aleppo was discussed.

For his part, Economy and Foreign Trade Minister Humam al-Jazaeri said that the crisis forced a shift in the priorities of foreign trade towards prioritizing production materials and requirements, food items, basic services, and pharmaceuticals.

In turn, Governor of the Central Bank of Syria Adib Mayyaleh reviewed the steps taken to help stabilize the Syrian Pound exchange rate gradually.

The Cabinet discussed a number of bills, including one on ratifying international documents related to mail and postal services, and approved a decision related to work injuries that result in death.

Following the session, Mayyaleh told journalists that several economic elements have had an impact on the SYP exchange rate recently, such as permitting the private sector to import fuel independently which caused increased demand for foreign currency, adding that the market has absorbed the shock that resulted from this and is stabilizing.

ALSO READ  US special envoy to Syria to leave post by end of month

Regarding speculators who exploit black market prices to make illicit profits, Mayyaleh said that the CBS will not stand idle and will intervene in the right time, asserting that a number of steps have been taken and their effects will show soon, leading to a much reduced exchange rate, adding that there are indicators promising an improvement in the SYP exchange rate within the next few days.

He said that the websites that report exchange rates are all linked together and are dedicated to speculation and manipulating exchange rates, asserting that this issue is being investigated by the authorities who will take steps to deal with it as these sites – which are run by Syrians and foreigners alike – are working to damage Syrian economy, adding that intervention in the Beirut exchange market was a massive success and it will continue.

 

Share this article:
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Notice: All comments represent the view of the commenter and not necessarily the views of AMN.

All comments that are not spam or wholly inappropriate are approved, we do not sort out opinions or points of view that are different from ours.

This is a Civilized Place for Public Discussion

Please treat this discussion with the same respect you would a public park. We, too, are a shared community resource — a place to share skills, knowledge and interests through ongoing conversation.

These are not hard and fast rules, merely guidelines to aid the human judgment of our community and keep this a clean and well-lighted place for civilized public discourse.

Improve the Discussion

Help us make this a great place for discussion by always working to improve the discussion in some way, however small. If you are not sure your post adds to the conversation, think over what you want to say and try again later.

The topics discussed here matter to us, and we want you to act as if they matter to you, too. Be respectful of the topics and the people discussing them, even if you disagree with some of what is being said.

Be Agreeable, Even When You Disagree

You may wish to respond to something by disagreeing with it. That’s fine. But remember to criticize ideas, not people. Please avoid:

  • Name-calling
  • Ad hominem attacks
  • Responding to a post’s tone instead of its actual content
  • Knee-jerk contradiction

Instead, provide reasoned counter-arguments that improve the conversation.