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Syria’s Dirty Secret: Inflation Hits 200 Percent
In an attempt to beat Western sanctions and halt the fall in the Syrian pound, the Assad regime — with the help of Iran, Russia, and China — has begun conducting all of its business in rials, roubles,...
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Syria’s Other Trouble: Value of Its Pound at All-Time Low
As I have documented previously, the economic devastation and international sanctions that have accompanied Syria’s civil war have wreaked havoc on the country’s currency, the Syrian pound. In a...
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What Is Syria’s Iranian Credit Line Worth?
Last week, the press was filled with reportage about Tehran throwing a lifeline — actually a credit line of $3.6 billion – to the Syrian regime. The announcement of this Iranian lifeline should have...
View ArticleRouhani Delivers Lower Inflation, and Other Troubled Currencies
Iran: Prior to Hassan Rouhani’s election as Iran’s new president in June, the black-market Iranian rial to U.S dollar (IRR/USD) exchange rate stood at 36150, implying an annual inflation rate of 109...
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