Syria will penalise social media users with jail terms and fines if they undermine the economy with their posts.
The new measures are part of a broad cybersecurity law to prevent online crime, including credit card fraud, defamation and blasphemy.
Breaches of the new law would attract a jail term of four to 15 years and a fine as high as 10 million Syrian pounds ($4,000).
Online crimes will include “offending the financial status of the state with posts that undermine the financial system and the exchange rates”, state news agency Sana reported on Wednesday.
The government is looking to guard the state against growing online threats as it struggles to recover from 11 years of devastating civil war and international sanctions that have hurt the economy.
By extending its control over social media, the new law will give legal basis to measures already in place to silence dissent against soaring inflation, the depreciation of the local currency and increasing poverty, Syrians using nicknames on social media have said.
The deepening economic crisis has followed the rising political stature of President Bashar Al Assad, who has consolidated his control over the country after clawing back vast areas from rebels with crucial support from Iran and Russia.
While hundreds of thousands of people have been killed and millions displaced in the war, the Syrian pound has lost much of its value.
A US dollar, which traded at about 48 Syrian pounds before the war, is about 3,500 pounds at the present official rate.
In the north-eastern province of Idlib, the last remaining stronghold controlled by forces opposed to the president, the ruling Hayat Tahrir Al Sham adopted the Turkish lira last year as an alternative to the Syrian pound – not because of its opposition to the regime but because of the plummeting local currency.
The government, because of its record of human rights breaches, has come under international sanctions against many businessmen and regime officials, and their relatives.
Foreign investors have fled and stayed away.
Syrians have suffered additional economic shocks from the pandemic and the Russian war on Ukraine, as Damascus is a key importer of Russian grains.
Prices of wheat and maize have shot up in recent weeks because of the sweeping international sanctions imposed on Russia.
Even in regime-controlled territories, there were rare protests in 2020 in the southern province of Suweida over the social and economic impact of the Syrian conflict.
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Syrians stand on top of their gas canisters as they wait for a refill in front of a gas lorry provider in Kafranbel, Idlib province. Violence across Syria has resulted in shortages in gas, water and electricity. -
A banker stacks packed Syrian lira bills at the Central Bank in Damascus on August 25, 2011. US sanctions have forced Syria to stop all transactions in US dollars, with the country turning completely to euro deals, the governor of the Central Bank Adib Mayaleh told the AFP during an interview. -
Farmers spread around wheat kernels unloaded from a combine harvester before being packaged into sacks, in a field in the countryside of al-Kaswa, south of Syria's capital Damascus on June 18, 2020. - Heavy rain and reduced violence provided a relief to Syrian farmers with a good harvest this year, as a tanking economy leaves millions hungry across his war-torn country. Prior to the outbreak of the conflict in 2011, Syria produced more than 4.1 million tonnes of wheat, enough to feed its entire population. But production plunged to record lows during the war, boosting reliance on imports, mainly from regime ally Russia. -
Vehicles queue at a gas station waiting to fill-up in the capital in Damascus on February 28, 2012. Syria will exhaust its foreign currency reserves in three to five months, sparking crisis in an economy reeling from sanctions over its crackdown on protests, a Western diplomat told reporters in London last week. AFP PHOTO/ANWAR AMRO -
Syrians shop for clothes at a flea market in the capital Damascus on May 17, 2020, amid severe economic crisis that has been compounded by a coronavirus lockdown. - Prices have doubled over the past year, while the Syrian pound has reached record lows against the dollar, further driving up inflation. With most of the population living in poverty, Syrians have increasingly turned to flea markets to purchase clothes at a reasonable price. -
A handout picture released by the local news site Suwayda 24 shows Syrians chanting anti-government slogans as they protest the country's deteriorating economic conditions and corruption, in the southern city of Suwaida on June 9, 2020. -
A handout picture released by the local news site Suwayda 24 shows Syrians chanting anti-government slogans as they protest the country's deteriorating economic conditions and corruption, in the southern city of Suwaida on June 9, 2020.
