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The Syrian currency lost a quarter of its value on June 17th.
The Syrian currency has fallen by as much as 17 percent, some economists say, and already a government that had projected $55 billion in foreign investment over the next few years faces the prospect of much of that drying up.
In addition to finding weapons, troops at the site, near the village of Makr al-Deeb near the Syrian border, said they had also found Syrian currency, along with about $1,000 worth of Iraqi dinar.
The news agency quoted currency dealers in Damascus and elsewhere saying that it cost at least 205 Syrian pounds to buy one American dollar, meaning that the Syrian currency had lost 20 percent of its value in a week and had fallen 77 percent since March 2011, when the conflict began.
Two years of war have quintupled unemployment, reduced the Syrian currency to one-sixth of its prewar value, cost the public sector $15 billion in losses and damage to public buildings, slashed personal savings, and shrunk the economy 35 percent, according to government and United Nations officials.
Since the start of the Revolution, the Syrian currency has plummeted in value.
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A Syrian expatriate currency market trader, who spoke on condition of anonymity because he has relatives in the country, said he believed the credit line from Iran was a short-term psychological tool and might not even exist.
Before the Syrian uprising, the currency was valued at about forty-eight Syrian pounds to the dollar.
From a porous Mexican border to Syrian refugees, Chinese currency manipulators to D.C. beltway insiders, Trump sounds alarms with the fervor of an end-times prophet: if we don't build a wall, we will all be murdered in our sleep!
The conflict and the Western sanctions imposed on Syria have caused a near economic collapse in the country, and the official currency, the Syrian pound, has plummeted in value against the dollar and the euro.
The American decision to become more directly involved in the conflict appeared to play a role on Monday in a new wave of chaotic selling of the Syrian pound, the national currency, according to Reuters.
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