AGL 40.02 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.99 Increased By ▲ 0.29 (0.23%)
BOP 6.66 Increased By ▲ 0.05 (0.76%)
CNERGY 4.44 Decreased By ▼ -0.16 (-3.48%)
DCL 8.75 Decreased By ▼ -0.04 (-0.46%)
DFML 41.24 Decreased By ▼ -0.34 (-0.82%)
DGKC 86.18 Increased By ▲ 0.39 (0.45%)
FCCL 32.40 Decreased By ▼ -0.09 (-0.28%)
FFBL 64.89 Increased By ▲ 0.86 (1.34%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.51 Increased By ▲ 1.74 (1.57%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.08 Increased By ▲ 0.20 (4.1%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.44 Decreased By ▼ -0.08 (-0.2%)
NBP 61.00 Decreased By ▼ -0.05 (-0.08%)
OGDC 193.60 Decreased By ▼ -1.27 (-0.65%)
PAEL 26.88 Decreased By ▼ -0.63 (-2.29%)
PIBTL 7.31 Decreased By ▼ -0.50 (-6.4%)
PPL 152.25 Decreased By ▼ -0.28 (-0.18%)
PRL 26.20 Decreased By ▼ -0.38 (-1.43%)
PTC 16.11 Decreased By ▼ -0.15 (-0.92%)
SEARL 85.50 Increased By ▲ 1.36 (1.62%)
TELE 7.70 Decreased By ▼ -0.26 (-3.27%)
TOMCL 36.95 Increased By ▲ 0.35 (0.96%)
TPLP 8.77 Increased By ▲ 0.11 (1.27%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.20 Increased By ▲ 3.58 (6.11%)
UNITY 28.07 Increased By ▲ 1.21 (4.5%)
WTL 1.32 Decreased By ▼ -0.06 (-4.35%)
BR100 10,081 Increased By 80.6 (0.81%)
BR30 31,142 Increased By 139.8 (0.45%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

Syria's government Saturday started rationing subsidised food like rice and sugar with smart cards, a ministry said, in the latest measure to address an economic crisis in the war-torn country. The value of the Syrian pound against the dollar has plummeted on the black market in recent months, sparking price hikes on key food items.

On Saturday, thousands of Syrian families for the first time used cards with built-in microchips to track and cap their purchases of subsidised food, the ministry of internal trade and consumer protection said. Under the new system, even the largest family cannot collect more than three kilos of rice, four kilos of sugar and one kilo of tea a month, it said on its Facebook page.

Smaller families are allowed even less according to their size.

Subsidies are key for Syrians living in government-held areas in a country where the United Nations says war has compounded poverty.

But Ibrahim Saad, 51, asked how he was expected to feed his family with the latest rationing.

"The rice is not enough for a family of five or six people," said Saad, a father of three who earns a meagre salary working in a grocery store.

"Before the war, we could buy anything," he said.

But now he and his wife have to keep track each month of the subsidised food and fuel they are allowed to buy in order to make them last.

Last year, Damascus imposed limits on state-backed petrol for cars and motorbikes, as well as subsidised fuel oil and cooking gas.

Syria's war has killed more than 380,000 people, but also ravaged key economic infrastructure, and sent oil and gas revenues plunging by billions of dollars.

Economist Ammar Yussef said food subsidies were not having a huge impact on the average Syrian, and more needed to be done to address the overall economy.

"The Syrian economy needs restructuring to suit the exceptional crisis it's going through," he said, alluding to how hard it was to obtain hard currency for imports and sanctions.

Pro-government economists blame the economic crunch on Western sanctions against Damascus. But they say de-facto devaluation of the Syrian pound is due to a liquidity crisis in neighbouring Lebanon, which has long served as a conduit for foreign currency into government-held areas of Syria.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.