In Syria, residents are bringing bags of money to banks: what happened (photos)

In Syria, local residents are storming banks with bags full of cash. This is all due to inflation that is spiraling out of control. This is reported by BILD.

Photos taken in the capital of Syria, Damascus, show people carrying piles of devalued banknotes to the banks, sometimes in large garbage bags.

"Inflation in Syria has been uncontrollable for many years. The current price level has reached staggering heights: the average monthly income in the country is only enough for a maximum of 20 liters of gasoline or 10 loaves of bread," the publication states.

It is noted that after the fall of Bashar al-Assad's regime and his flight to Russia, the new Syrian authorities faced an extremely challenging task — to stabilize the economy, mobilize international aid, and restore trust in the Syrian pound.

Currently, residents are trying to save their money by purchasing foreign currency, primarily US dollars or euros.

As BILD reports, Bashar al-Assad also did not particularly trust the Syrian pound, which is why he kept all his savings in foreign currency. According to Western media reports, the ousted president began secretly storing US dollars several years before his overthrow. This amounts to almost two tons of cash.

Recall that Bashar al-Assad, who is in Russia, made a statement. He stated that he defended his power and did not plan to flee, but the advance of opposition forces on Damascus forced him to move to Latakia, and from there to Russia. He confirmed that he was assisted in escaping from Syria by Russian military personnel.