Published 3 years ago

Syria floats new bank note amid soaring inflation

Summary by Sydney Morning Herald

The United Nations estimates that nearly 80 per cent of Syrians live under the poverty line.

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Sydney Morning Herald

Syria floats new bank note amid soaring inflation

The United Nations estimates that nearly 80 per cent of Syrians live under the poverty line.

3 years ago·Sydney, Australia

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Egypt Independent

Syria floats new bank note amid soaring inflation - Egypt Independent

DAMASCUS, Syria (AP) — A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the country reeling from a decade of conflict and a crippling economic crisis.Syria’s currency has been on a downward spiral since the conflict began in 2011. Trading that year at 47 liras to the dollar, it’s now officially up to trading at 1,250 liras to the dollar. On the black market, the dollar is trading at nearly double the o…

3 years ago·Cairo, Egypt

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