Syrians are carrying bags of money to the banks.

Syrians are carrying money to the banks
Syrians are carrying money to the banks

Photographs from Damascus show how people are bringing piles of precious banknotes to banks, sometimes in large garbage bags. Inflation in Syria has long been out of control, with prices reaching incredible levels - the average monthly income is enough for 20 liters of gasoline or 10 loaves of bread.

A major challenge lies ahead for the new leadership of Syria - stabilizing the economy, attracting international aid, and restoring trust in the Syrian pound. Predicting when this will be achieved is extraordinarily difficult. Currently, residents are trying to preserve their money and buy foreign currency - mainly dollars or euros.

Bashar al-Assad also seems to have distrusted the pound and kept foreign currency in hand. According to the Financial Times, several years before his ousting, Assad held dollars and secretly transported money to Russia by plane.

It was previously reported that Syria may switch to a new currency unit. The leader of the opposition group 'Hay'at Tahrir al-Sham', Abu Muhammad al-Julani, noted that after stabilizing the local currency, it is planned to introduce a new monetary unit.


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