Daily Alert Archives

Covid-19 Strikes the Syrian Economy

(Foundation for Defense of Democracies) David Adesnik - One year ago, the Syrian pound traded at less than 600 to the dollar, whereas it now hovers around 1,300. In mid-March, after the regime began to implement mandatory social distancing measures, including school and business closures, local media reported increases of 40-75% in the price of groceries. Lockdowns in neighboring counties have also disrupted the flow of remittances from Syrians abroad, a major source of hard currency. The writer is director of research and a senior fellow at the FDD.
2020-04-22 00:00:00
Full Article