Syrians are carrying bags of money to the banks.


Photographs from Damascus show how people are bringing piles of precious banknotes to banks, sometimes in large garbage bags. Inflation in Syria has long been out of control, with prices reaching incredible levels - the average monthly income is enough for 20 liters of gasoline or 10 loaves of bread.
A major challenge lies ahead for the new leadership of Syria - stabilizing the economy, attracting international aid, and restoring trust in the Syrian pound. Predicting when this will be achieved is extraordinarily difficult. Currently, residents are trying to preserve their money and buy foreign currency - mainly dollars or euros.
Bashar al-Assad also seems to have distrusted the pound and kept foreign currency in hand. According to the Financial Times, several years before his ousting, Assad held dollars and secretly transported money to Russia by plane.
It was previously reported that Syria may switch to a new currency unit. The leader of the opposition group 'Hay'at Tahrir al-Sham', Abu Muhammad al-Julani, noted that after stabilizing the local currency, it is planned to introduce a new monetary unit.
Read also
- The EU invests in the railway connection Lviv-Poland
- Syrskiy responded to the accusations of the commander of the 47th brigade regarding Khurschyna
- Zelensky on Trump’s conversation with Putin: not sure they have much in common
- In Denmark, Zelensky awarded the 'Future of Ukraine' honor to a foreigner for the first time
- Turkey has adopted its first climate law in history
- Temporary restrictions introduced at border crossings with Poland and Romania