syria

 

Syrian Pound Down 45% On Black Market, Says IMF

The value of the Syrian pound has slumped by 45% on the “black or parallel” market and 25% on the official market, and the stock market has fallen by 40% since the beginning of the uprising in March 2011, the Deputy Managing Director of the IMF Nemat Shafik told Agence France Presse in Beirut on 9 May. The Central Bank of Syria (CBS) on the same day announced an official dollar/pound exchange...