As the Syrian pound continued its downward spiral, the exchange rate of one dollar reached 750 Syrian Pounds in local markets on Friday, the sharpest decline during the past eight years of the war declared by the Assad regime on the Syrian people.
Bader Jamous, member of the Syrian National Coalition’s political committee, said that the Syrian citizen who was not killed by the bombs and shells of the Assad regime and its allies would be hard hit by the dire economic situation in the regime-controlled areas.
Jamous said that the Assad regime depleted the country’s economic resources in its war on the Syrian people. He pointed out that the regime’s policies lead to soaring inflation, with the ordinary citizens paying the heaviest price as they can hardly afford the basic necessities of life. Meanwhile, officials of the regime and its cronies are living in ultimate luxury, unaffected by the worsening economic crisis, he added. He reiterated that there is only political solution in Syria, one that brings about complete political transition to a system of rule that is based on democracy, justice, and equality in line with UN resolution 2254.
The collapse of the Syrian pound came a few days after the Economist newspaper ranked the Syrian capital Damascus as the worst city to live in the world in 2019. (Source: Syrian National Coalition’s Media Department)
