Towards a Single Currency in Natural Syria Region - A Conceptual Monetary Innovation: A Reflection

Wissam Samia () and Nada Boustani ()
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Wissam Samia: LEFMI - Laboratoire d’Économie, Finance, Management et Innovation - UR UPJV 4286 - UPJV - Université de Picardie Jules Verne
Nada Boustani: USJ - Université Saint-Joseph de Beyrouth, LEFMI - Laboratoire d’Économie, Finance, Management et Innovation - UR UPJV 4286 - UPJV - Université de Picardie Jules Verne

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Abstract: This research paper studies the benefits and the feasibility of a Single Currency in the Natural Syria region. The economic crisis that heavily weighs on the countries of this region makes it primordial to join forces and converge resources, potentials, and opportunities to raise the standard of living. A monetary union with its single currency may hold structural remedies to the woes of this region whose ability to face its economic, political, and internal difficulties depends mainly on the logic of support and cooperation. Based on a conceptual model of a currency basket, taking into consideration specific economic and monetary criteria, this potential union is enhanced by a single currency establishment that must be a feature of economic and political relations between the countries of the region which achieve the supreme interest represented in eliminating cases of fragmentation and disintegration and ensuring a comfortable life for the citizen. Hereby, the implementation of a Single Currency in Natural Syria seems to be a real turning point.

Keywords: Single currency; Monetary Union; Production; Innovation (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ara and nep-mon
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Published in The Economic Research Guardian, 2022, 12 (2), pp.129-134

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04081283

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