Assad decrees financial stimulus amid crisis ...Middle East

Local News by : (Zamanalwsl) -
Amid sharp economic decline, Syrian President Bashar Assad issued a decree on Tuesday granting hundreds of thousands of public sector workers and soldiers a one-time financial stimulus, equivalent to an average monthly salary.The stimulus — the third since October — comes as the national currency is crashing, now at 4,000 Syrian pounds to the dollar on the black market, compared to 700 a year ago. The official rate for the dollar is fixed at 1,256 Syrian pounds for $1.Nearly 80% of Syrians live in poverty, and 60% are food insecure — the worst food security situation ever seen in Syria, according to the United Nations.The decree stated that a one-time 50,000 Syrian pounds, which is nearly $1

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