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Syrian People's Wallets, Psyches Damaged by Civil Strife

The recent intensification of violence in Syria’s two main cities has practically brought commerce to a standstill. Business owners aren’t seeing the profits to inject back into the market; meanwhile, the protracted and dangerous state of Syria’s unrelenting crisis has made those with cash anxious to save it, further freezing economic conditions.
A cashier counts Syrian currency notes in Amman December 6, 2011. Jordanian money changers said on Tuesday demand on the Syrian pound has plummeted since unprecedented Arab economic sanctions against Damascus, and its exchange rate against the dollar has slipped on the black market by at least 7 percent to nearly 57 pounds.  REUTERS/Ali Jarekji  (JORDAN - Tags: BUSINESS POLITICS)

DAMASCUS — Syria’s economy is in tatters after the country’s increasingly violent civil conflict has all but killed off commercial activity. Businesses have seen a steady decline in output during the Syrian uprising, but the recent intensification of violence in the country’s two main cities has practically brought it to a standstill. 

“I sit in the shop all day doing nothing,” said Ziad, a 22-year-old employee in a construction company in the hard-hit Midan neighborhood of Damascus. “There is no work because we can’t import any of the primary materials we need nor deliver any of the goods that we have.”

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