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FinancialNews
04-09-19
Syrian pound against dollar hits historic low
(MENAFN) Syria was revealed to have been struck with a significant decline in the value of its currency, the pound, against the U.S. dollar.
According to the Syria Report economic publication, this decrease is considered the lowest level to ever be seen by the country.
The pound traded 650 against the U.S. dollar on the black market on Tuesday, as unveiled editor-in-chief of the economic publication, Jihad Yazigi.
Yazigi emphasized that this rate is "the lowest in history."
He further added that "the drop is significant" compared to the 500 Syrian pounds to the dollar registered by the end of 2018.
MENAFN0409201900450000ID1098961640
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