publication

A lifeline under threat? Syrian household remittances in light of sanctions, financial sector de-risking, COVID-19, and regional developments

Authors:
Erica MORET
2021
Remittances have acted as a vital lifeline for Syrian households amidst exacerbating levels of poverty, soaring food prices and the severe devaluation of the Syrian pound, resulting from the country’s protracted conflict, sanctions and other factors. In recent years, remittances transferred into the Syrian Arab Republic have far exceeded total levels of registered domestic wages and salaried. Yet, remittance transfers to the country have been hindered through changes related to political, economic, legislative, and security matters in recent years.