Tag Archives: Syrian pound

Bandits and thieves add to Syria’s woes

Bank robberies and fraud cases are increasing across Syria, compounding the troubles of a country ravaged by months of brutality and war. Two foreign-backed lenders have already alerted the country’s stock exchange about major robberies in separate filings. Syria International … Continue reading

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Syrian pound hits new record low: Damascus dealers

By: Suleiman Al-Khalidi Syria’s currency has fallen around 13 percent in the last 24 hours on the black market in Damascus as consumers and companies sought to hoard dollars, interpreting recent statements from the United States as signals of possible military … Continue reading

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Syria Plans ‘Managed Float’ of Currency, Bank Governor Says

By: Massoud A. Derhally Syria will introduce a managed float of its currency next week, central bank Governor Adib Mayaleh said. The move will allow the pound to devalue after demand for foreign currency drove a surge in black-market rates. … Continue reading

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Syria’s currency sags under weight of unrest

By: Suleiman Al-Khalidi Syrian trader Ghaith Jawhar goes daily to the old Damascus market looking for illegal money dealers hiding in the alleyways. He sells them small amounts of Syrian pounds in exchange for hard currency that has become scarcer … Continue reading

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