What are the implications of amending decree criminalizing dealing in US dollars? ...Syria

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Enab Baladi – Khawla Hefzy With the acceleration in the Syrian Pound’s devaluation (SYP)—which plummeted, reaching an all-time low of 4,000 to US dollar (USD)— economists demanded amendments to the decree on criminalizing those who deal in US dollar in areas controlled by the Syrian regime.   On 23 February, the Syrian Commission on Financial Markets and Securities proposed amending the decree on criminalizing those who deal in US dollar in the Syrian regime-controlled areas. They also proposed finding an appropriate legal mechanism to meet the people’s needs for foreign currencies without violating the decree and the monetary and financial regulations. The Commission called for the

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