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Zaki Mehchy

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Syrian Pound Hits Record Lows Amid Concerns Over New US Sanctions
June 7th, 2020 - 06:00 GMT

Syrian Pound Hits Record Lows Amid Concerns Over New US Sanctions

Syria's pound hit record lows on the black market Saturday trading at over 2,300 to the dollar, less than a third of its official value, traders said, ahead of new US sanctions. Three traders in Damascus told AFP by phone that the dollar bought more than 2,300 Syrian pounds for the first time, though the official exchange rate remained fixed at around 700 pounds to the greenback. After nine years ...
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