Syria's president decrees 50pc salary hike amid harsh crisis

Syrian President Bashar Assad issued a decree Sunday giving hundreds of thousands of civil servants and military members a 50 percent salary increase amid a harsh economic and financial crisis and price increases for vital products.

Assad's decision came a day after the state doubled the price of bread, the country's main staple, and increased by 180per cent the price of diesel fuel.

The Syrian economy has been hard hit by a decade of war, Western sanctions, widespread corruption, and most recently a severe economic and financial crisis in neighboring Lebanon. The last salary increase was announced in November 2019.

The decree released by Assad's office put the minimum monthly income at 71,515 Syrian pounds (USD 22). It also granted military and civilian pension holders an increase of 40per cents in the retirement pension.

The U.S. dollar is trading at about 3,200 pounds on the black market while the official rate is 2,500 pounds.

Nearly 80per cent of Syrians live in poverty, and 60per cent is food insecure — the worst food security situation ever seen in Syria, according to the United Nations.