Syrian markets before Eid with price increases and supply efforts

Before Eid al-Adha, Syrian markets are experiencing continuous price hikes amid a decline in people's purchasing power, with increasing pressure on the Lebanese pound, where the unofficial exchange rate has reached around 14,000 pounds compared to 11,000 officially. The rising costs resulting from higher electricity and fuel prices are leading to increased prices for food and clothing. Many families mainly rely on remittances from expatriates to buy Eid supplies, as domestic production remains weak and foreign reserves continue to deteriorate. Inspection campaigns are intensifying in an attempt to stabilize markets and prevent fraud, amidst a trust crisis between traders and consumers due to high prices and lack of transparency.

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