Unprecedented collapse of the Syrian pound after the fall of Assad
Unprecedented collapse of the Syrian pound after the fall of Assad
2024-12-08
Shafaq News/ The Syrian pound witnessed an unprecedented sharp collapse, after the spread of scenes from Damascus confirming the fall of the Assad regime.
The value of the Syrian currency against the US dollar has fallen by 42 percent in Damascus trading, reaching an unprecedented low, with one dollar now equal to 22,000 Syrian pounds, according to the Syria Today website for currency trading.
In the city of Aleppo, the dollar reached 36 thousand liras, a decline of 64 percent.
This sharp decline reflects the worsening economic and political crisis in the country, and will have a significant impact on the lives of citizens.
Scenes from Damascus showed a group of Syrians toppling a statue of the late President Hafez al-Assad in Arnous Square in central Damascus, hours after the opposition factions announced their entry into the capital and Assad’s departure.
Hafez al-Assad ruled Syria from 1971 until his death in 2000, when he was succeeded by his son Bashar.
The Syrian Observatory for Human Rights said that Assad “left the country to an unknown destination.”
This is the first time that Syrian opposition factions have reached Damascus since 2018, when Syrian forces recaptured areas on the outskirts of the capital after years of siege.
On Sunday, the leader of Hayat Tahrir al-Sham, Ahmed al-Sharaa, nicknamed al-Julani, issued an appeal in which he said that approaching public institutions in Syria is “forbidden.”
Al-Jolani added that public institutions in Syria “will remain under the supervision of former Prime Minister Mohammed Ghazi al-Jalali until they are officially handed over.”
shafaq.com
