Latest economic and financial news about Syria, currency markets, and regional economy updates.
Private bakery owners in Daraa say they are losing money buying inputs in dollars while selling bread at fixed pound prices. On 3 June 2026 they asked authorities to restore subsidies and reprice bread after mazout costs jumped to about 124 SYP per liter.
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Daraa province set fixed per-dunum wages for the 2026 wheat and barley harvest, from 650 to 1,200 Syrian pounds, as the season opens with output estimated near 100,000 tons of wheat and 30,000 tons of barley.
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A Damascus court dismissed a lawsuit seeking to halt Decree 687, the October 2025 measure that sharply raised household electricity tariffs, leaving tiered pricing of up to 1,800 Syrian pounds per kilowatt-hour in force.
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Syria's ports and customs authority will let visiting nationals extend their vehicles' temporary stay at inland customs offices in Damascus, Homs, Aleppo and Raqqa, removing the need to return to a border crossing.
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As a three-day government–private-sector forum closed on 3 June 2026, the finance minister said precautionary seizures were lifted on the assets of 70,000 citizens and 20,000 properties returned, while victims of 1960s nationalizations pressed for restitution.
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Turkey's transport minister said on 3 June 2026 that Ankara aims to revive the historic Hejaz railway and extend it to Oman, with Syria's Aleppo–Damascus line a central segment of an overland corridor meant to bypass the Strait of Hormuz.
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The head of Syria's Investment Authority met a delegation from the International Finance Corporation on 3 June 2026 in Damascus to explore financing for energy and infrastructure projects and public-private partnerships.
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On 4 June 2026, the Commercial Bank of Syria urged borrowers with loans that defaulted before 18 March 2026 to settle under Decree 70, which waives late and contractual interest and penalties and reschedules debts above 100 million Syrian pounds.
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A basket of basic goods reached 2.17 million Syrian pounds in May 2026, up 10 percent in three months, as the cost of gas, water and food climbed across the country.
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A sharp rise in the Euphrates submerged 16,870 dunums of farmland across western Deir Ezzor on 2 June 2026, knocked 83 water stations offline, and triggered an emergency tanker operation and a damage survey for farmer compensation.
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