Cabinet discusses steps for stabilizing SYP exchange rate and market prices

Damascus, SANA – The Cabinet discussed on Tuesday a number of economic and services issues, most important of which being the steps to stabilize the Syrian Pound exchange rate and market prices, developing local industries, and promoting Syrian products in foreign markets.

Prime Minister Wael al-Halaqi pointed out to the positive impact of the steps taken by the government regarding the exchange rate, calling for taking effective steps to curb unjustifiable rises in the prices of goods in the market, in addition to stressing the need to regulate the fees of public transportation and taking steps to stop infringements in that regard.

Al-Halaqi asserted that the government is working hard to increase production in factories and industrial areas, protect local products, and achieve industrial, food, and medical security in preparation to return to exporting products.

For his part, Foreign and Expatriates Minister Walid al-Moallem reviewed the latest developments in the region and the world, saying that some western countries are reaping great benefits from instability in the region and from keeping the Arab world preoccupied with internal conflicts, adding that this strengthens Israel’s stability and serves the U.S.-Israeli project for the region.

Hazem Sabbagh

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