How Lebanon's Currency Crisis Is Hurting Syria

Published March 3rd, 2021 - 09:46 GMT
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Syria's al-Hol Refugee camp sprawls into the desert (AFP/FILE)
As the Lebanese pound hit a new record low against the dollar this week, the Syrian pound also plummeted. A war-ravaged Syria is heavily dependent on neighboring Lebanon for basic commodities and finance. The decline in the Lebanese pound will pulsate across the border. On Tuesday, Lebanon’s currency reached a near-record 10,000 to the dollar, signaling that the multiple stresses of corruption, political crises, and coronavirus are taking heavy tolls on an already fractured economy. Leba

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