Syrian currency declines 30% and is expected to fall further
The Syrian currency presents itself weakest level since the beginning of political unrest, descending 30% against the US dollar.
The Syrian pound fell almost 20% against the dollar immediately after economic sanctions were constrained on the Syrian regime. The currency dropped from 47 Syrian pounds to 61 pounds against the US dollar.
The League’s sanctions, which have influenced transactions with Syria’s central bank, come with a threat to freeze Syrian assets in other Arab states, and Arab investments in Syria.
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