Saturday, 13 July 2013

The Syrian pound is plunging in value on the black market, trading this past week for more than 300 to a U.S. dollar.

Doubt Over Syrian Steps
to Control Hyperinflation

"The civil war’s effects inside the country have been devastating: towns and cities have been pummeled into ruins, industrial infrastructure destroyed and thousands of factories abandoned.
Oil production, one of Syria’s biggest foreign currency earners, has dropped by 95 percent. Tourism -- another foreign currency mainstay -- has ground to a total halt."

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