Syria Using Turkish Lira

TURKEY HAS AN inflation rate problem. During 2018 the rate was at 16.33 percent. This rate declined to 15.18 percent during 2019, and is currently estimated to be at 12 percent. While this rate may not be desirable, Turkey’s currency is more desirable to someone living in war torn northern Syria than is Syria’s pound currency system.

Since Syria is under an economic embargo imposed by the United States and other countries it, “In Syria, the most important categories in the consumer price index are food and non-alcoholic beverages (40 percent of the total weight); housing, water, electricity, gas and other fuels (25.5 percent); and transport (seven percent).”