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Bread crisis looms in Syria amid low wheat production


June 2, 2021
ALEPPO, Syria Recent remarks by Syrian Agriculture Minister Mohammad Hassan Qatana on a decline in wheat production have raised fears that a full-fledged bread crisis is on its way in Syria. 
Qatana told the Syrian government-affiliated Al-Watan news site May 17, “Wheat yields are not enough to meet all needs [of the population].” This means Syrians will likely be waiting in long lines outside bakeries.
On May 21, Qatana told Radio Sham FM, which is close to the government, “This year, the drought was severe for several reasons, including the decrease of precipitation rates by 50% to 70%, depending on the provinces. He said precipitation in Hasakah fell by more than 50% and that temperatures rose, increasing the rate of evaporation. ....

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Syrian economy in foreign hands: Will they cover Syrian government's deficit or pay off its debts?


Enab Baladi
Enab Baladi-Sakina Mahdi
Russia and Iran, allies of the Syrian regime, are bolstering their economic power in Syria in addition to their military presence. The two countries are wrangling for business influence over energy resources and vital financial and industrial establishments by signing long-term contracts with the Syrian government. These long-term contracts ensure their political and economic interests in Syria and recuperate some of the costs and expenses incurred during war years. 
Iran has specific economic goals in Syria which contradict Russia’s economic policies; Iran is trying to dominate investments in many sectors such as oil, gas, and reconstruction. In return, Syrian officials seek to obtain military and political support and assistance from the two countries. As a result, Russia and Iran could control Syria’s economic options.  ....

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How do rumors affect exchange rates after the Central Bank of Syria issues a new 5,000 SYP banknote?


How do rumors affect exchange rates after the Central Bank of Syria issues a new 5,000 SYP banknote?
An expressive image (edited by Enab Baladi)
Enab Baladi – Zeinab Masri 
The Syrian Pound (SYP) value sank to a record low against the U.S. dollar (USD) on the black market at the end of January.
For the first time, it exceeded 3,000 pounds to the US dollar, days after the Central Bank of Syria (CBS) issued the new 5,000 SYP note. The pound recorded an exchange rate of 3,020 against the U.S. dollar for sale and 2,990 for purchase on 28 January, according to Syrian Pound Today (a Syrian Pound tracking website). ....

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