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The collapse of the decades-long oppressive regime of the Assad family in Syria, following an attack led by Hay'at Tahrir al-Sham (HTS), has raised significant questions about the country's future. While uncertainty remains about which organization will dominate the country, the official currency, the "Syrian pound," has plummeted. Syrians have started using the Turkish lira. THEY WILL ADOPT A FREE MARKET REGIMEAfter Assad's overthrow, a new government was formed. The new prime minister and cabinet members are primarily from the Salvation Government, which governs Idlib. Prime Minister Muhammad al-Bashir has given vague messages about how the new governance system will be structured. One of the points of curiosity is what kind of economic order will be established... So far, the messages indicate that a free market regime will be created.... THEY BURNED THEIR MONEY ON LIVE BROADCASTYesterday, while live broadcasts were made from the Umayyad Square in Damascus, it was seen that Syrians there were burning their Syrian pounds. From these images, it was understood that the Syrian pound, which features Assad's photos, has now lost its value and has almost become a piece of paper. People are currently using the Turkish lira instead. Those who have dollars are also exchanging them for Turkish lira. THE CAESAR SANCTIONS OF THE USAIt is known that the value of the Syrian pound experienced a significant loss, especially in 2020. In that year, the USA implemented Caesar sanctions against Damascus. While 1 dollar was equivalent to 1000 Syrian pounds, shortly after the Caesar sanctions, it approached the level of 4000 Syrian pounds. THE LATEST STATUS OF THE ASSAD REGIME IN THE MARKETS; - 1$=13,100 Syrian Pounds
- 1€=14,442 Syrian Pounds
- 1₺= 486.25 Syrian Pounds
HOW MUCH IS THE MINIMUM WAGE AND CIVIL SERVANT SALARY? - Minimum Wage: 92,970 SYP = 7.1$
- Highest Civil Servant Salary: 150,000 SYP = 11.45$
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