The Syrian Pound has gained value against the US dollar following the fall of the Assad regime, easing economic conditions in the country. With the foreign exchange ban lifted, money changers in Damascus are openly trading dollars and Turkish lira as Syrians returning from abroad exchange their savings.
Street money changer Ahmed Muhammed noted the rapid appreciation of the currency, stating, “When the regime first collapsed, 1 dollar was 16,000 Syrian liras. Now, it’s 7,500.” Another exchanger, Ahmed al-Ahmed, highlighted the end of strict currency controls, saying, “Previously, carrying $100 could lead to arrest. Now, that’s no longer the case.”
Veysel Korkmaz-Ogün Aslan
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