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Asharq Al-Awsat
Asharq Al-Awsat
World
Damascus - Asharq Al-Awsat

Syrian Pound Hits Record Low on Black Market

Khaled al-Hassi, a minibus driver, receives money from a customer in Damascus, Syria August 3, 2022. REUTERS/Yamam al Shaar

Syria's pound hit a new low against the dollar on the black market Tuesday, according to websites monitoring the exchange rate, in the latest blow to the war-battered economy.

The exchange rate reached more than 5,000 Syrian pounds to the US dollar for the first time since the start of the conflict more than a decade ago, AFP reported citing the websites.

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