Middle East Economic Survey
VOL. XLVIII
No 47
21-November-2005
SYRIA
Syria Raises Interest Rates To Defend Its Currency
Syria announced last week an increase in interest rates to defend the local currency which recently fell by over 3% against the US dollar from $1=S55 to $1=S57, with mounting international pressure on Syria to cooperate with the UN investigation into the murder of former Lebanese Prime Minister Rafiq al-Hariri. The Syrian Deputy Prime Minister for Economic Affairs 'Abd Allah...
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