Syrian Arab News Agency S A N A
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Damascus, SANA – The Syrian Exporters Union, in cooperation with several industrialists and businessmen, launched a one-week initiative to support the Syrian Pound that includes all Syrian provinces.
The participants headed to the Central Bank of Syria and exchanged foreign currencies into Syrian Pounds.
Head of the Syrian Exporters Union, Mohammed Sawwah, stressed that the main objective is to stress that the industrial and trade sectors stand by the state in its efforts to support and enhance the national economy.
In another statement, Director-General of the Syrian Exports Development and Promotion Commission, Ehab Esmandar, said that the initiative constitutes a simple response to the war which is waged against the country since 2011, and is an attempt to support the Syrian economy in the face of unjust economic sanctions imposed on the country with the aim of undermining its people’s steadfastness and determination.
In turn, the Union’s Secretary, Mazen Hammour, reviewed the ways adopted by the union to support the state’s foreign exchange reserves which might positively reflect on Syrian imports and the production and its inputs.
Other participants stressed that the increases in USD/SYP exchange rate are not real, as proven by the fact that once this initiative and an intervention session were announced, the exchange rate dropped immediately, indicating that the decline in USD/SYP exchange rate affects citizens’ living conditions in the first place.
They hoped that other initiatives will be launched with the aim of supporting the Syrian pound and economy, adding that the initiative has achieved wide acclaim.
