SYRIA
 
 
Syrian Currency Collapses Ahead Of Weapons Supply To Opposition
 
The Governor of the Central Bank of Syria (CBS) Adib Mayyala announced on 18 June that the government would tap into a $1bn credit line from Iran to stabilize the value of the Syrian currency, which had hit a record low against the US dollar on the black market.
 
The rate was quoted by a Damascus money changer at $1=S£254 on 17 June, but the pound has since strengthened...