Middle East
Publisher:
Author: Joshua Landis
7 Mar 2012
Syria’s Currency Plunges, Raising Fears of Economic Chaos and Poverty,
The exchange rate of the Syrian Pound has reportedly plunged to the 103 range against the dollar at mid-day Wednesday, March 7th, 2012 in Damascus. This is a loss of over 50% since the beginning of the uprising. Over the last month, the pound has begun to weaken significantly which has received little attention. The 100 mark is an important psychological barrier.