(The National-Abu Dhabi) Khaled Yacoub Oweis - On Sunday the Syrian pound was 2,600 to the dollar, compared with 2,000 last week and 1,400 pounds in January. In 2011, on the eve of the revolt, the currency traded at 50 pounds to the dollar. The currency decline is tied to the financial crisis in Lebanon, the regional effects of the coronavirus, and toughened U.S. penalties on business dealings with the Syrian regime, which come into effect this month.
2020-06-08 00:00:00Full ArticleBACK Visit the Daily Alert Archive