Syrian regime and dollar crisis: Ineffective economic policies in face of shortages ...Syria

Enab Baladi – Yamen Moghrabi The trading rate of the Syrian pound against the US dollar has gradually deteriorated since the outbreak of peaceful demonstrations demanding the overthrow of Bashar al-Assad in March 2011. It is normal for the value of local currencies to decline and for the economy to witness a decline during a period of political turmoil or stages of instability. But there are major factors that led to the historic decline in the value of the Syrian pound and the sharp decline in foreign exchange reserves at the Central Bank of Syria (CBS), like the regime’s adoption of the security solution, the army’s taking to the streets, and then its loss of large swathes of Syrian territ

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Syrian regime and dollar crisis: Ineffective economic policies in face of shortages ...Syria

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