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Researcher Warns Lira Losses Reach 85 Percent
Economic researcher Kerm Shhaar stated that the value of the Syrian pound has declined by approximately 85% since February 2025, after having previously achieved gains. He added that the gap between official and parallel exchange rates is widening, which results in annual losses of tens of millions for aid organizations and encourages investors to switch to the informal remittance system, contrary to the Central Bank’s strategies. He clarified that the main reasons for this decline include the widening trade deficit, increased demand for the dollar, and an expansion of the money supply due to salary increases and higher government spending.
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