Soda: 50
Syrian pounds could have bought two cans of Coca-Cola before the revolution.
Six years ago, the exchange rate for $100 was 5,000
Syrian pounds but now it is 55,000
Syrian pounds.
The combined consolidated assets of all six banks in
Syrian pounds were 6.86 percent higher, while they increased only by 2.7 percent when calculated in U.S.
"Life in Syria is very, very expensive now," said oneDamascene who had spent 650
Syrian pounds ($9 US dollars) the previous day on a cooked chicken that would have cost about 350 a few months ago, the FT reported earlier this month ."The value of the dollar is increasing very, very fast," she said.
The official currency, which was relatively stable at an exchange rate of 46
Syrian pounds for a single US dollar before the March 2011 protests, has swiftly decreased in value.
"The cheap
Syrian pound has even allowed some firms to export products to Iraq."
Damascus, SANA - A special work meeting chaired by Prime Minister Imad Khamis on Monday, during which the participants decided to continue supporting exports to spare the export field the repercussions of the decline of the US Dollar exchange rate against the
Syrian Pound.
The Effect of the Conflict on Syrian Banking and Economy Someone's parody of obituary announcements commonly posted in Syrian neighborhoods when someone dies: this one announces the passing of the "
Syrian Pound"
Still, while a US dollar was worth about 47
Syrian pounds (Dh1.72) in March 2011, the exchange rate topped 220
Syrian pounds last week, which meant that the
Syrian pound lost about 80 per cent of its value in two years.
The CBS went on to say that it has been working since the beginning of the crisis in Syria to maintain a balanced exchange rate of the
Syrian pound as its official reserves have managed to keep the exchange rate at acceptable levels.
Before the uprising in Syria erupted in March 2011, the exchange rate of the
Syrian pound was as low as 50 to the U.S.
