MEDirections is delighted to share a new Research Project Report from the Wartime and Post Conflict in Syria project (WPCS).
By Joseph Daher
This article seeks to analyse the reasons for the depreciation of the Syrian Pound (SYP) since mid-March 2011. The study first provides an overview of the structural economic roots of the depreciation of the national currency. It then examines the Central Bank of Syria’s policies attempting to limit the fall of the SYP since 2011 and the recent ‘private’ sector campaigns to support the government. It finally analyses the socio-economic consequences of the depreciation of the SYP.