Syrian Central Bank Confirms Receipt of Syrian Lira from Russia, Disputes Reported Amounts
The Syrian Central Bank has acknowledged the arrival of some Syrian lira from Russia, countering reports regarding the volume of funds sent. According to a statement from the bank’s press office, "We confirm that some Syrian liras have arrived in Syria via Damascus International Airport." However, the bank did not specify the amount, asserting that previously reported figures are inaccurate.
Despite the official stance, a source within the bank indicated to local media that the sum in question is approximately 300 billion Syrian liras.
Historically, prior to the upheaval of Bashar al-Assad’s regime, the exchange rate for one million lira was pegged at around 100,000 Iraqi dinars. This rate has fluctuated significantly over time, reaching 700,000 dinars. Currently, the value has depreciated further, now hovering around 175,000 dinars.
The economic landscape in Syria has been severely impacted by sanctions imposed by Western powers, including the United States and the European Union. These sanctions have crippled critical sectors such as energy, banking, and finance, leading to a dramatic decline in the national currency and a staggering rate of triple-digit inflation in the region.
