Food prices increase in western Hama

Writing Mais Noor Aldeen | Editing Hasan Borhan | Translation Muhammad Ghaith | Translation Editing Vera Halvorsen 🕔 Publication Date: January 30, 2019, 1:46:32 PM wire ECONOMY & BUSINESS Economic

Hama – SMART

On Wednesday, the prices of food and cleaning detergents increased in western Hama, Central Syria, due to the poor exchange rate of the Syrian pound (SYP) against the US dollar.

A wholesale vendor, who introduced himself as Abu 'Anad from the city of Kafr Nabudeh, reported that the poor SYP exchange rate against the US dollar increased the prices of goods in Kafr Nabudeh and villages in the Shahshabou mountainous area because traders buy their goods from Turkey with dollars and pay custom fees.

Abu 'Anad added that the price of a 50 kilogram sack of sugar increased from 10,000 SYP ($19) to 12,000 SYP ($23), and the price of tea increased from 3,800 ($7.40) to 4,100 SYP ($8). The price of canned food increased by 25 SYP ($0.05) and the price of coffee increased by 400 SYP ($0.78). The price of 4 kilograms of tomato paste increased from 2,200 SYP ($4.30) to 3,400 SYP ($6.60).

The price of shampoo increased by 100 SYP ($0.20). The price of 4 kilograms of dish-washing liquid increased from 500 SYP ($1) to 650 SYP ($1.30). The prices of soap and diapers increased by 100 SYP.

The SYP exchange rate fluctuates against the US dollar in most of Syria due to the political situation and the infusion of funds approved by the Syrian government's Central Bank, according to a money exchanger.

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Writing Mais Noor Aldeen | Editing Hasan Borhan | Translation Muhammad Ghaith | Translation Editing Vera Halvorsen 🕔 Publication Date: January 30, 2019, 1:46:32 PM wire ECONOMY & BUSINESS Economic
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