Raqqa Currency Crisis Fuels Exchange Rate Exploitation - Enab Baladi - Enab Baladi
Raqqa Currency Crisis Fuels Exchange Rate Exploitation - Enab Baladi - Enab Baladi
Source: Enab Baladi
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DW NOTE
The Raqqa currency crisis comes at the worst possible moment: Syria has no central bank credibility, no foreign reserves, and a population already pricing goods in Turkish lira and dollars because the Syrian pound is worthless. When a currency has already collapsed, "exploitation" means traders charging what the market will bear for hard currency in a region where government-issued money is functionally toilet paper. The crisis isn't exploitation — it's the endgame of a decade of monetary collapse with no institution capable of stabilising it.