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Syria’s opposition plans to replace Syrian pound with Turkish lira

The Syrian opposition forces in rebel-held northern areas hope a change in currency will put pressure on Bashar al-Assad’s regime on the economic level.
A money changer calculates the exchange rate of Turkish lira to Syrian pound at his office in the southern Turkish town of Reyhanli November 29,2012.  REUTERS/Laszlo Balogh (TURKEY - Tags: BUSINESS POLITICS) - RTR3B0WS

ALEPPO, Syria — The Syrian opposition forces and institutions in the north are investigating whether the Turkish lira could substitute the Syrian pound, which has been drastically dropping in value since the start of the war in early 2011. The Syrian pound is still the main currency in the opposition-controlled areas, despite it having been three years since the Bashar al-Assad regime lost control of these areas.

In the eastern part of the country that is under the control of the opposition in Aleppo, one rarely sees products priced in foreign currencies. Food items such as bread and vegetables as well as fuel and clothing are priced in Syrian pounds; electronic devices such as imported mobile phones and computers are priced in US dollars.

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