Unprecedented collapse of the Syrian pound after the fall of Assad
The Syrian pound witnessed an unprecedented sharp collapse, after the spread of scenes from Damascus confirming the fall of the Assad regime.
The value of the Syrian currency against the US dollar has fallen by 42 percent in Damascus trading, reaching an unprecedented low, with one dollar now equal to 22,000 Syrian pounds, according to the Syria Today website for currency trading.
In the city of Aleppo, the dollar reached 36 thousand liras, a decline of 64 percent.
This sharp decline reflects the worsening economic and political crisis in the country, and will have a significant impact on the lives of citizens.
Scenes from Damascus showed a group of Syrians toppling a statue of the late President Hafez al-Assad in Arnous Square in central Damascus, hours after the opposition factions announced their entry into the capital and Assad’s departure.
Hafez al-Assad ruled Syria from 1971 until his death in 2000, when he was succeeded by his son Bashar.
The Syrian Observatory for Human Rights said that Assad “left the country to an unknown destination.”
This is the first time that Syrian opposition factions have reached Damascus since 2018, when Syrian forces recaptured areas on the outskirts of the capital after years of siege.
On Sunday, the leader of Hayat Tahrir al-Sham, Ahmed al-Sharaa, nicknamed al-Julani, issued an appeal in which he said that approaching public institutions in Syria is “forbidden.”
Al-Jolani added that public institutions in Syria “will remain under the supervision of former Prime Minister Mohammed Ghazi al-Jalali until they are officially handed over.”
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On the occasion of Victory Day over ISIS, Al-Sudani issues several directives
Prime Minister Mohammed Shia al-Sudani issued several directives today, Saturday, on the occasion of the Great Victory Day over ISIS gangs.
A statement from Al-Sudani’s office received by Al-Maalouma Agency stated that the directives included the following:
– Directing the Ministries of Education in Baghdad, the governorates, and the Kurdistan Region, especially in the liberated areas, to make Thursday, December 12, 2024, the central celebration day for students in schools and universities, and to allocate the first hour to raising the Iraqi flag and giving speeches in celebration of the great victory day and the liberation of the governorates from the terrorist ISIS gangs.
– Directing the security forces in all governorates to work on carrying out popular events and decorations to celebrate the seventh anniversary of the Great Victory Day in all sectors, governorates, districts and sub-districts for the period from December 8, 2024 to December 12, 2024.
– Directing ministries and security agencies to hold events on the seventh anniversary of the great victory over the terrorist organization ISIS after the central celebration.
– Directing unions, associations and civil society organizations to celebrate the seventh anniversary of the Great Victory Day over the terrorist organization ISIS for the period from December 8, 2024 to December 12, 2024.
– Directing the necessity of completing all the dues of the families of martyrs and the wounded, as it is a basic principle of the ministerial program of the Iraqi government.
– Directing the Baghdad Municipality and municipal directorates to open parks to celebrate the Great Victory Day.
– Directive to suspend official working hours on Tuesday, December 10, 2024, in all ministries and government institutions, in celebration of Victory Day.
– Launching a competition for an artistic statue that embodies the Great Victory Day in Iraq.
– Publishing flyers and a major advertising campaign to commemorate this great event.
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The Central Bank of Iraq sells more than a billion dollars in 5 days
The total sales of hard currency in US dollars by the Central Bank of Iraq during the days in which the auction was opened last week amounted to more than one billion dollars.
Shafaq News Agency correspondent stated that the Central Bank sold during the past week and for the 5 days in which the auction was opened, one billion, 441 million, 783 thousand, and 807 dollars, at a daily rate of 288 million, 356 million, and 761 dollars, higher than the previous week, which amounted to one billion, 434 million, 982 thousand, and 505 dollars.
The highest dollar sales were on Thursday, when sales reached 295 million, 719 thousand, and 844 dollars, while the lowest sales were on Monday, when sales reached 279 million, 257 thousand, and 935 dollars.
Our correspondent indicated that foreign remittance sales during the past week amounted to 1 billion, 382 million, 383 thousand, and 807 dollars, an increase of 96% compared to cash sales, which amounted to 59 million, 400 thousand dollars.
