Economist: Syrian pound in the "wind"

21/02/2012

The independent Iraqi news agency / listen .... economist said that the Syrian deteriorating situation reached by the Syrian pound, which lost more than half its value, bears the responsibility of the Syrian regime.

He said the expert, who preferred not to be named, and who teaches in one of the Syrian universities, that "economic sanctions on Syria damaged mainly the country's economy, especially the oil sector, which has led to this rapid deterioration, but the system he could overcome the crisis and the economic blockade since the beginning , and gain the sympathy of the street, but did not do. "

And the relocation of "Serie Politico," the expert Syria as saying: "We all know about the large number of officials and businessmen Syrians corrupt, which have billions of dollars, between the movable and immovable, and some of them the transfer of funds early with the onset of the crisis of banks Syrian private and government to Lebanese banks, though a resolution strong political will under the title (where did you get this?) and the confiscation of funds section of these and put them at the disposal of the central bank or use it for projects of Syria, was the deterioration of the Syrian pound is stopped, and that the decision would also to gain the sympathy of the street protester and Naqm originally to enrich the number of officials with growing poverty and unemployment in the Syrian street. "

The expert said, "corruption of these characters does not need to inform, or body or laws to combat corruption; because their corruption is clear and can be seen with the naked eye person asked his salary is known, but when you look at his palace or villa owned by the turn out to be tens of millions of Syrian pounds, it is where he got it?" adding, "It was in need of a strong political will strike at the hands of these people and their money confiscated for the benefit of the public treasury and for the Syrian pound and strength, as well as to satisfy the political street."

He pointed to Syrian expert "that the resolution did not occur, and continued under the corrupt Pfsadehm difficult crisis, the deterioration of the situation lira dramatically, and not beating at the hands of corrupt and if they are suggesting the state."

The Minister of Petroleum and Mineral Resources, Syrian Sufian Alao said that his country suffered losses as a result of sanctions imposed by the European Union and the United States on the oil sector estimated at more than two billion U.S. dollars since last September. The minister said during a press conference, "We have We suffered significant damage from the effects of non-oil exports and oil derivatives," adding that "the size of the damage is too beneficial and damage the indirect during the period of the first of last September and so far is estimated at more than two billion U.S. dollars."

Alao explained that "the oil embargo resulted in the reduction of production by 150 thousand barrels a $ 15 million dollars a day", since the implementation of sanctions imposed on Syria.

The Syrian pound lost about 51% of its value since the start of the crisis the Syrian reported Agence France-Presse.

The value of the Syrian currency on the black market 71 pounds per dollar, compared at a stable near 46 pounds to the dollar since 2006 until March / March 2011, then ranged disbursed in July between 58 and 60 pounds, before declining during the past two weeks, reaching its lowest level at all.

The owner of an office of exchange in Damascus that he had the lira was trading Sunday in the parallel market price of 65 pounds to the dollar, before falling exchange rate Monday to 67 and 71 of SP against the dollar Tuesday.

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