After the recent collapse of the Turkish lira: the Syrians in the north return to use the Syrian lira

After the great collapse of the Turkish lira, which experts in international financial institutions confirmed, it was caused by Erdogan’s policies and his control over the monetary policy of the Central Bank of Turkey and his continuation to reduce interest rates instead of raising them after inflation exceeded 20% and the purchasing power of the Turkish citizen declined.

The current Turkish lira exchange rate against the US dollars (13), which according to witnesses led to a great shock in the occupied areas under the control of the Syrian opposition factions, and even the Syria Democratic Forces (SDF), which began years ago to deal in the Turkish lira as a result of pressures exerted by the Ankara-backed factions and to facilitate the flow of smuggled goods from the border crossings.

A number of residents contacted by international news agencies in areas in the countryside of Aleppo conveyed information about the closure of a large number of shops in the northern Syrian regions in order to prevent further losses as a result of the collapse of the Turkish lira, while a large number of residents decided to return to dealing in the Syrian lira, which has become more stable and safe From the Turkish lira, especially since the exchange rate of the Syrian lira has been relatively stable for months as a result of the Syrian monetary policy.

Since the Turkish-backed terrorist factions occupied geographical areas in the governorates of Latakia, Idlib, Aleppo, Raqqa and Hasakeh bordering Turkey, “economic” transactions (smuggling) have been linked with Turkey, and agricultural crops are priced, sold and smuggled into Turkey, while foodstuffs, basic foodstuffs and machinery are imported through Turkey via Turkish Lira.