SYRIA — Nine years after the start of protests against the Syrian regime, the Syrian pound recently witnessed an unprecedented decline against the dollar and other foreign currencies amid the deterioration of economic conditions in Syria.
Within one week, the exchange rate of the Syrian pound significantly plunged against the dollar from 500 in late November to about 1,000 pounds in early December on the black market, which led to an increase in the prices of goods and commodities and deepened the suffering of Syrian citizens.
