Displaying items by tag: Syrian Crisis

It does not matter what is the dollar figure in exchange for the Syrian pound. The most important thing today in light of the expanding hunger is the Syrian pound figure in exchange for food. The collapse of the Syrian pound on this scale is the highest and the most dangerous, and food prices are skyrocketing at rates that exceed the price of the dollar. The issue is no longer related to import and the price of the dollar directly, as much as it is related to the (heart attack) that the Syrian economy is suffering from, which some of its officials are still saying that (the indicators are good) but (the problem is with speculators)!

The Minister of Economy appeared in an interview on the Syrian Satellite Channel on March 24, 2021 talking about the economic situation, and his speech is said to ignore the (elephant in the room) or perhaps more precisely the (whale floating in the pond) because it describes our situation better! He spoke at length about the government’s endeavors and efforts, and ignored the fact that the government’s actions are practically without effect! However, this article is considered (in defense of the government) being an apparatus with limited capabilities that has to carry the burdens of others.

10% of the Syrian land that has been cultivated in 2010 remains uncultivated in 2019. Although the rate may seem small compared to all high rates and index numbers recorded during the Syrian crisis, the area we are describing here approximates 520 thousand hectares: i.e.: what is equivalent to the area of Daraa and Tartus combined! An area that can increase the amounts of grain and legume production on average by 900 thousand tons if recultivated.

The Central Bank of Syria issued a statement on February 14 about the situation in the exchange market. The statement and the procedures that have been taken were mostly about “security”, as the collaboration between the Anti-Money-Laundering/ Combating the Financing of Terrorism and stakeholders was discussed to conquer a group of companies and agencies that work in speculation on the Syrian Pound and confiscating large amounts of money in the Syrian Pound and the US dollar. The statement also discussed other non-specific intervention tools.

It really suits the US that the (Syrian Quagmire), according to their expression, gets stabilized, i.e.: that the political stalemate guarantees the interaction of multiple factors in order for the country to remain a quagmire that swallows what has remained of capabilities and resources, and drives away all those who are capable and willing to lift the country up. 

When the number 3500 billion SYP is mentioned in the budget, we are talking about 40% of total government expenditure for 2021. It’s the most important expenditure bloc in the budget, which is a normal thing because it reflects the significance of the energy sector and securing essential food at least, i.e., it is the sum that expresses the continuance of securing the essentials for living, as the confusion in dealing with subsidies, rethinking about them, and trying to reduce them, is a major part of the crisis of the decline in the means of life support inside the country.

There is a noteworthy consensus in assessing the objectives of the repeated “Israeli” military assaults in Syria. As we hear from analysts from various sides a unified assessment, the summary of which is that the attacks target Iranian and Hezbollah sites, forces, weapons, or leaders operating on Syrian soil, and that their objective is to undermine the possibilities of transferring weapons to Hezbollah, as well as undermining “Iranian influence”.

Logical estimates say that the newly introduced 5000 SYP [a piece of paper money that had never existed before] will turn into a surplus money supply in the market because the current level of prices needs an additional money supply of Syrian pounds. However, this will not be a reason for price increase, as prices are practically dollarized and are deeply related to the decline in the flow of goods inside and into the Syrian economy.

On Monday, the 25th of this month, the works of the fifth round of the Syrian Constitutional Committee – which has not accomplished anything significant up to the present moment – will begin.

Foreign Minister of the Russian Federation Mr. Sergey Lavrov held talks with a joint delegation of representatives of Moscow Platform of the Syrian opposition and Cairo Platform of the Syrian opposition, today in Moscow.