Economy

Central Bank of Syria restores control over currency market

Central Bank of Syria restores control over currency market

HASAKAH, Syria (North Press) – The Central Bank of Syria resorted to raise the exchange rate of the dollar in order to restore its control over the currency market. The…
Merchants in Syria’s Damascus fear penalties of new Consumer Protection Law

Merchants in Syria’s Damascus fear penalties of new Consumer Protection Law

Some merchants in #Syria's #Damascus expressed their fear of an upcoming shortage of materials due to the inability to work in light of the threat of penalties and imprisonment.
Syrian government doubles gasoline price

Syrian government doubles gasoline price

DAMASCUS, Syria (North Press) – On Thursday, the Syrian government raised the price of gasoline by more than 50%, amid the worsening fuel crisis in its areas. The Ministry of…
Non-productive economy cannot grow with remittances: Banking expert in Damascus

Non-productive economy cannot grow with remittances: Banking expert in Damascus

DAMASCUS, Syria (North Press) – No economy can exist without production and be dependent on foreign remittances only; Lebanon is an example, where annual remittances amount to $10 billion, and…
Exchange companies in Syria’s Damascus either delay remittances or close

Exchange companies in Syria’s Damascus either delay remittances or close

DAMASCUS, Syria (north Press) – On Thursday, residents of Damascus expressed their dissatisfaction with some internal remittance companies delaying the delivery of their remittances, and others closing their doors. “Some…
Central Bank governor dismissed over Syrian currency collapse: economic expert

Central Bank governor dismissed over Syrian currency collapse: economic expert

DAMASCUS, Syria (North Press) – On Wednesday, a monetary policy economist said that the dismissal of the governor of the Central Bank of Syria from his post is a way…
After one year of circulating in Turkish lira… Residents talk about its negative aspects in Syria’s Idlib

After one year of circulating in Turkish lira… Residents talk about its negative aspects in Syria’s Idlib

Residents of #Syria’s #Idlib say that the value of the Turkish lira, like the Syrian pound, has collapsed against the US dollar, which has caused an increase in daily expenses.
Syria’s failure to manage fuel caused crisis: Economic experts in Damascus

Syria’s failure to manage fuel caused crisis: Economic experts in Damascus

Economic experts in #Syria’s #Damascus say that the fuel crisis that the government areas have been witnessing is due to the government's failure to manage the issue of securing fuel…
Syria’s Autonomous Administration issues 30% salary increase

Syria’s Autonomous Administration issues 30% salary increase

The Autonomous Administration of North and East #Syria (AANES) issued a 30% salary increase of its employees starting from April.
New exchange rate to increase prices in Syria: Banking expert

New exchange rate to increase prices in Syria: Banking expert

An economist in #Syria's #Damascus says that the new higher exchange rate for thr Syrian pound will lead to price hikes.
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