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

Wissam Samia () and Nada Mallah Boustani ()
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Wissam Samia: LEFMI (Laboratory of Economics, Finance, Management, and Innovation), University of Picardie Jules Verne, Amiens, France
Nada Mallah Boustani: Faculty of Business & Management, Saint Joseph University, Social Science Campus, Beirut, Lebanon, and LEFMI (Laboratory of Economics, Finance, Management, and Innovation), Amiens, France

Economic Research Guardian, 2022, vol. 12, issue 2, 129-143

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; Financial Integration (search for similar items in EconPapers)
JEL-codes: E00 E23 E42 E52 E58 F15 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:12:y:2022:i:2:p:129-143

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