Damascus residents reacted to the increase in the price of food and other commodities after the Syrian pound recorded its biggest decline in history on Sunday, reaching the 1,000 barrier against the US dollar.

Footage filmed on Tuesday at Souq al-Hamidia, one of the busiest markets in the Old City of Damascus, shows that despite the fall in the value of the Syrian pound, it was still business as usual with people buying and selling food, spices and other basic commodities. Many locals blame the weak currency on damage to the country’s industry and a series of US economic sanctions on Syria, saying “even if the dollar rate went down, the prices would remain as they are.”

“The solution is to set a plan for a production increase. Once the production is increased, it should be exchanged with the foreign currency at the same time, so that we can get revenues for this country,” said the owner of a shop at the market.

According to reports, currency offices were selling dollars on the black market for over 1,000 Syrian pounds for the first time, while the Syrian Central Bank reportedly posted on its website that the official rate of the Syrian pound was 434 to the US Dollar.

 

Credit: Ruptly

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Sweet Robert
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Sweet Robert

These sanctions were done a Jewish duo citizen who recently quit her post. May she suffer in this world and the next. More than one way to kill a person and this another. those in congress who voted for these sanctions along with lead warmongers have more blood on their hands. May they be reminded daily and may they never forget the death and suffering they caused. May God punish these evil people.

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Nestor Arapa

Totalmente de acuerdo con tu opinión.

Daeshbags-Sux
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Daeshbags-Sux

Sanctions can stop in the blink of an an eye and Assad can even get full US support and backing any time he decides to act clever by taking the right decision, just like Mao did in 1972.
Assad should really use his brain instead of being so thickheaded, and worst of all for irrational reasons.

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Nestor Arapa

hay necesidad de cambiar la moneda del Dolar

Daeshbags-Sux
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Daeshbags-Sux

Daeshbags-Sux
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Daeshbags-Sux

Would change nothing, even if full trade is done in Yuan, Ruble or Euro. Don’t you get that Syria badly needs a Marshall plan?