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Prices of major materials increase by 33 percent in Deir al-Zor

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Editing: Mais Noor Aldeen |
Translation: Muhammad Ghaith
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Publication date: 2020/01/09 12:18

 

Deir al-Zor-SMART

On Thursday, prices of major food materials increased by 2 and 33 percent in two days in the city of Deir al-Zor controlled by the Syrian government forces, Eastern Syria. 

Food materials traders and sellers said that the price of rice increased by 33 percent reaching 800 Syrian pounds (SYP) per kilo instead of 600 SYP two days ago. 

The traders added that the price of one liter oil bottle increased from 1,100 to 1,300 SYP, increasing by 18 percent. The price of two kilos fat bottle increased by two percent, reaching between 2,300 and 2,400 SYP  instead of 2,000 and 2,100. 

The prices of tea increased by seven percent per kilo, ranging between 6,800 and 7,000 SYP. The price of tea ranged between 6,500 and 6,700 SYP per kilo. 

The traders attributed the prices increase to the Syrian Lira deteriorated exchange rate against the American dollar. On Tuesday, the Syrian Lira exchange rate continued to deteriorate in most of the governorates. The price of American dollar exchange rate reached 9,55 SYP in Damascus and 950 SYP in Deir al-Zor. 

The Syrian Lira current exchange rate is the worst in history since the separation of Syrian and Lebanese liras. The price of American dollar exchange rate was two Syrian liras in 1961 and 47 Syrian liras in 2010. After 2011, the Syrian Lira deteriorated in an accelerated way. The American dollar exchange rate reached 1,000 SYP. 

Syrian Lira deteriorated exchange rate caused the prices of major food materials and fuel to increase in most of Syrian governorates , especially areas controlled by the Syrian government forces. Shops closed due to the Syrian Lira deteriorated exchange rate.