Syrian pound hits record low against dollar ...Kuwait

The New Arab - News

Syria's pound sunk to a new low against the dollar on the black market. Syria's pound hit a new low against the dollar on the black market Tuesday, a foreign exchange website and currency traders said, in the latest blow to the war-battered economy. The exchange rate reached 4,000 Syrian pounds to the US dollar for the first time since the start of the conflict a decade ago, traders told AFP by phone. "There's a huge scarcity of dollars on the market," one trader said. Syria's economy has been battered by 10 years of war, and is reeling from the knock-on effects of a financial crisis in neighbouring Lebanon that has stemmed the flow of dollars into government-held areas. The website showed t

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Last updated : 03 March 2021 clock 12:45 AM

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