Syrian president decrees financial stimulus amid crisis ...Saudi Arabia

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Author: APID: 1615913883982165900Tue, 2021-03-16 20:33 DAMASCUS — Amid Syria’s sharp economic decline, President Bashar Assad issued a decree on Tuesday granting hundreds of thousands of public sector workers and soldiers a one-time financial stimulus, equivalent to an average monthly salary. Considered the third since October, the stimulus comes as the national currency is crashing, now at more than 4,000 Syrian pounds to the dollar on the black market, compared to 700 a year ago. The official rate for the dollar is fixed at 1,256 Syrian pounds for $1. The decision comes a day after the government raised the price of fuel, including subsidized, by more than 50% in the third increase thi

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