WFP Syria – Monthly Market Price Bulletin, August 2025

HIGHLIGHTS

• As part of its economic and fiscal reforms, Syria introduced measures to support the industrial sector, such as fuel and electricity subsidies, trade facilitation, and increased the ATM withdrawal limits, while the Central Bank is considering issuing a new national currency and removing two zeros from the current one to restore monetary stability, combat inflation, and signal a new economic phase.

• In terms of energy and trade developments, Azerbaijan has begun supplying 1.2 billion cubic meters of gas annually via Turkey, with further electricity imports from Turkey and Egypt planned between 2026 and 2029. At the same time, Syria is upgrading its trade infrastructure through the Latakia Port modernization project with France, while imposing bans on selected agricultural and food imports from Turkey to safeguard local producers.

• Public mills increased output following rehabilitation works, with plans to import 200,000 metric tons of wheat to stabilize supply. Infrastructure upgrades across logistics and transport sectors aim to enhance domestic production resilience and ensure consistent distribution.

• The cost of living in August 2025, as measured by the Minimum Expenditure Basket (MEB), increased by six percent to SYP 2 million, up from SYP 1.9 million in July 2025. An increase in the prices of tubers, vegetables, eggs, and vegetable oil drove this rise.

• The parallel market exchange rate depreciated from SYP 10,114 per USD in July 2025 to SYP 10,718 per USD. Meanwhile, the official exchange rate remained stable at SYP 11,055 per USD.

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