Middle East Economic Survey

VOL. LIV

No 51

19-Dec-2011

syria

CBS Governor Says Syrian Pounds Black Market Rate Is Imaginary

The current US dollar/Syrian pound exchange rate in the black market is imaginary and its purpose is to spread fear and panic among citizens and push them to acquire dollars, the Governor of the Central Bank of Syria Adib Mayyala has stated in a recent lecture. As the Syrian pound continues to slide on the exchange market (official and unofficial), the governor stepped...