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Local council in Jarabulus, east of Aleppo, announces that Turkish lira is available in its office

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Editing: Hazem Halak |
Translation: Glory Jabr
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Publication date: 2020/06/19 08:55

Aleppo - SMART

The Jarabulus local council of the Syrian Interim Government, Northern Syria, announced that Turkish currency notes are available in its financial office as a substitute for the Syrian currency.

The media office director of the Jarabulus local council, Hassan Mustafa, reported to SMART that the financial office of the council has all Turkish currency notes.

Mustafa added that the council called on the people to exchange the Syrian currency with the Turkish lira in order to stabilize financial transactions in the city of Jarabulus (106 kilometers northeast of Aleppo).

Mustafa stated that the council aims to put an end to the exploitation of sales and purchases due to the daily collapse of the Syrian pound. Mustafa noted that many exchange centers do not sell the Turkish currency notes.

The local council in Kaljibrin, 40 kilometers north of Aleppo, Northern Syria, introduced Turkish currency notes in the local market as an alternative to the Syrian currency.

On June 7, 2020, the local council in the city of Marea called on the people to set financial transactions and salaries of workers in the Turkish lira in the city of Marea, 35 kilometers north of Aleppo, Northern Syria, to prevent differences. On Jan. 19, 2019, the local council in the city of Azaz decided to deal with Turkish lira in selling bread.

On June 7, 2020, the US dollar exchange rate exceeded 3000 SYP. This rate is yet the worst in the history of Syria since its independence and the separation between the Syrian and Lebanese pounds, as in 1961, one USD made two SYP, in 2005 it made 53 SYP, in 2010 it made 49 SYP, and it began declining rapidly since 2011, losing more than 97.5 percent of its value.