VBox7 logo

Syria: Syrian pound hits record low against US dollar

1 15.01.2020 Инфо

M/S Man selling nuts at the market in the Old City of Damascus
W/S Woman selling dried fruits
M/S Local residents at one of the shops at the market
SOT, Mohammad Farah, resident (Arabic): "Price increases are notable for basic commodities and cigarettes. The main reason is the dollar and the American sanctions, we have only one option which is to stay strong."
M/S Local residents at one of the shops at the market
W/S Local residents at one of the shops at the market
C/U Man counting Syrian pounds
M/S Local residents at one of the shops at the market
SOT, Abu Tarek al-Shahroor, resident (Arabic): "As for the price increases, what relation do I have with dollar rates? My salary is fixed, the government has increased the salary, thanks for it. I am coping with it, I work afternoons. What can I do? Prices are high for everything."
W/S Local residents at the busy market *CUTAWAY*
SOT, Abu Tarek al-Shahroor, resident (Arabic): "The solution? The more one works, the more money he makes. The government is taking care of us."
W/S Local residents at the busy market
SOT, Nabeel Halbooni, local resident (Arabic): "As for the price increases, prices are not getting balanced, everything is getting more expensive. Even if the dollar rate went down, the prices would remain as they are. The prices would not be as they were before the increase. As for the expenditures, it is really difficult to match with the current situation, what you earn is not what you spend, life is difficult."
W/S Local residents at the busy market
SOT, Nabeel Halbooni, local resident (Arabic): "The solution is to set a plan for a production increase. Once production is increased, it should be exchanged with foreign currency at the same time, so that we can get revenues for this country. In addition, people here should be merciful, that is merchants should lower the prices."
W/S Jewellery shop
C/U Shop window
C/U Jewellery shop
SOT, Sayem al-Dahr, resident (Arabic): "As for the prices, I'm honest to God that what we have saved since we were young is what we are spending nowadays. We have nothing, there should be a solution to this situation. One dollar is 1,000 liras. What's that? How come? How should we live? We work too much but we earn very little, this is not right. I swear that the number of robberies is increasing, and everything else as well. What should someone with seven or eight kids do? It has massively affected the social situation. There should be a solution, as it is the Syrian government who should consider the citizens' income. What is the salary of the highest civil servant? A hundred thousand? He spends three hundred thousand, so where is he getting money from? Right?"
W/S Local residents at the busy market *CUTAWAY*
SOT, Sayem al-Dahr, resident (Arabic): "As for the solution, there should be a solution, like increasing civil servants' salaries, there should be a solution for that dollar thing, we don't sell and buy in dollars, we are not in the USA. Will we be told that the dollar rate increases if we buy parsley? what do we have to do with dollars?"
M/S Shop
W/S Market
W/S Asad Pasha Caravansarai
SCRIPT
Damascus residents reacted to the increase in the price of food and other commodities after the Syrian pound recorded its biggest decline in history on Sunday, reaching the 1,000 barrier against the US dollar.
Footage filmed on Tuesday at Souq al-Hamidia, one of the busiest markets in the Old City of Damascus, shows that despite the fall in the value of the Syrian pound, it was still business as usual with people buying and selling food, spices and other basic commodities. Many locals blame the weak currency on damage to the country's industry and a series of US economic sanctions on Syria, saying "even if the dollar rate went down, the prices would remain as they are."
"The solution is to set a plan for a production increase. Once the production is increased, it should be exchanged with the foreign currency at the same time, so that we can get revenues for this country," said the owner of a shop at the market.
According to reports, currency offices were selling dollars on the black market for over 1,000 Syrian pounds for the first time, while the Syrian Central Bank reportedly posted on its website that the official rate of the Syrian pound was 434 to the US Dollar.