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Since the onset of the conflict in 2011, the economic situation in Syria has sharply deteriorated. More than 90% of the Syrian population 1 is now living below the poverty line. During the conflict, ...

In February Syria received a planeload of currency under an Assad-era contract. Russia could presumably print more, but Russia and the new regime are not on good terms. Western firms, meanwhile ...

BEIRUT, Lebanon (Reuters) — Syria received a new shipment of its local currency printed in Russia on Wednesday, with more shipments expected in the future, a Syrian government official said ...

BEIRUT, March 6 (Reuters) - Syria received a new shipment of its local currency printed in Russia on Wednesday and more shipments were expected in the future, a Syrian government official said ...

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

The ousted Assad dictatorship kept lists of millions of wanted people. Now, Syrians are openly asking whether they “have a ...

As a result, Syria cannot easily import physical currency. It also has limited access to the global banking system and is struggling to generate export revenues, let alone the investment required ...