by Hannah Lucinda Smith | Jul 14, 2013 | Features
On an afternoon that is so hot it’s almost unbearable, the customers still crowd into Hasan’s tiny shop, exchanging handfuls of notes with the two men sitting behind the counter. Next to them, a computer screen dictates their deals. Today, they can exchange one US...
by Fatah Al-Rahman Youssef | Jun 22, 2013 | Business
Riyadh, Asharq Al-Awsat—Many Syrian traders have converted their Syrian pound-dominated assets to dollars for fear of losing their value, given the growing unrest in Syria and the destruction of its infrastructure. The Syrian pound has lost 77% of its value since the...
by Asharq Al-Awsat | Mar 25, 2013 | Business
London, Asharq Al-Awsat—The governor of the Syrian central bank, Adib Mayaleh, yesterday held his country’s citizens responsible for the declining exchange rate of the Syrian pound—which recently reached a record low of 123 pounds to the US dollar—because they are...
