The Syrian currency is at its weakest level since the beginning of political unrest, dropping 30 percent against the US dollar. Further weakness is expected amid the escalated tension as the sanctions begin to bite.
The Syrian pound fell almost 20 percent against the dollar immediately after economic sanctions were imposed on the Syrian regime this week. The currency dropped from 47 Syrian pounds to 61 pounds against the US dollar. The Arab League on Sunday slapped stringent sanctions on Syria in the strongest blow yet to Al Assad?s regime.
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