Mohamed Al-Hallaq: The instability of the legislation was the cause of exchange rate fluctuations
Commenting on exchange rate fluctuations, Damascus Chamber of Commerce member Mohammed al-Hallaq said that the issue is thorny, although it has to do with what is happening in Lebanon. A major problem. "
He added: "Once they allow importation, then become forbidden, or be allowed without granting import licenses," stressing that "some legislation suits a certain category or support and increase smuggling, and so the importer becomes confused, while the foreign source away from us and trying not to sell us." .
The crisis in Lebanon was reflected in the Syrian pound, which lost about 30% of its value, partly because of the increased demand for the dollar in Syria after it was restricted in Lebanese banks.
Many Syrian businessmen transferred their money to Lebanese banks, shortly after the start of the crisis in Syria, especially with the start of Western sanctions, and the supplies were made through Lebanon.
It is noteworthy that a large campaign started in the country to improve the exchange rate of the lira, aimed primarily at applications that mention exchange rates, and under the title: "resist the fake exchange rate applications, against you and against your liraT", published many on social networking sites, which hurt in accusing those applications The prices traded are seen as a kind of "plot" on the lira.
Source: RT
