Fall of Assad: Syria between hope and economic ruin

Fall of Assad: Syria between hope and economic ruin

Syrien - In Syria, the fall of Bashar al-Assad has led to a drastic rethink. The Syrian population is increasingly changing its savings from the heavily used lira to stable foreign currencies such as dollars and euros. The dimensions of inflation are drastic: With the average monthly wage, Syrians can only buy 20 liters of petrol or ten bread, as the "Bild" newspaper reports. The Lira exchange course is alarming - ten kilograms of Lira do not even bring a dollar, which illustrates the currently shocking economic situation of the country. Despite this precarious situation, the exchange rate with around $ 15,000 per dollar seems to have at least stabilized, as users report on social media and rely on the Syrian central bank.

economic ruins and hope for reconstruction

The economic challenges of Syria are enormous. The country is divided into several regions, including in areas controlled by Assad and those under the influence of Turkish and Kurdish forces. The western sanctions were able to further damage the one -world economic structures and led to a decline in investments, while the destruction of infrastructure during the war has catastrophic effects on current economic activities. For the economist Salam Said, this is a clear sequence of catastrophic management policy under Assad, which the country has forced to kneel. A reconstruction of Syria will require immense financial resources, whereby every increase in economic services must be protected against the risk of corruption, as emphasized in an interview.

Although the political takeover of the oppositional forces may mark a turning point, according to Salam Said there is no clear strategy for reconstruction. In particular, there is a lack of workers and capital to get the destroyed economy going again. A return of the Syrian emigrants could be in prospect if the political conditions appear more stable. The restoration of the economic order in Syria is therefore not only a question of money, but also of political and social renewal, as [Capital] reports. The Syrian population expects a safer and more stable future and hopes for international support.