The impact of war on the exchange rate and the monetary and fiscal Syrian policy


Abstract in English

Syria suffers from an unfair war against it for more than four years, involving the forces of old and new Zionist- US colonialism and the Persian Gulf States, Turkey and other allied states. This war affected all aspects on the life of the Syrian community, but I will focus in the research on the economic impact, particularly on the exchange rate of monetary policy and fiscal policy too. I will focus on the exchange rate as it reflects the price of one currency against the other currency or currencies, and I used the dollar exchange rate because it is the most commonly used in Syrian economic transactions, The Syrian pound is linked with the us dollar in 1947 under law No.304/on 2 February 1947 and identified rate of the Syrian pound equivalent to (0, 405513) grams of gold, i.e. (45,6) cents.The importance of exchange rate was revealed with the growing expansion of international commercial exchanges of goods and services, financial transactions, and in the digital language how many of Syrian pounds shall be sold or abandoned to obtain one unit of another currency or USD, for example, so we can notice the importance of exchange rate stability, and therefore one of the most important responsibilities of the monetary policy in Central Bank, is to create an exchange rate that helps to boost economic activity on the macro and micro level and contribute to increase the economic power.

References used

عباد، محمود-مجلة جامعة تشرين، مجلة فصلية،المجلد 28 ، العدد 2، صفحة 45 عام 2006
كتاب الأزمة السورية – الجذور والآثار الاقتصادية والاجتماعية، المركز السوري لبحوث السياسات،كانون الثاني 2013 ، صفحة 479

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