Syria: Assad doubles public sector wages as currency spirals ...Kuwait

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Syria: Assad doubles public sector wages as currency spirals
The Syrian regime on Wednesday doubled public sector wages and pensions as the war-torn country’s national currency spiralled further downwards, reaching a new low for the year. President Bashar Assad issued the two decrees just before midnight on Tuesday as the Syrian pound’s value against the US dollar declined to a new low since the beginning of 2023, down from 7,000 to 15,000 pounds to the greenback. At the start of the conflict in 2011, the dollar was trading at 47 pounds. For over a year, Damascus has been restructuring its program of subsidies for gasoline, diesel for heating, and bread. At the launch of the restructure in February last year, Syrian Prime Min

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