Syrian Pound Hits Record Lows Amid Concerns Over New US Sanctions

Syrian Pound Hits Record Lows Amid Concerns Over New US Sanctions

After nine years of war, Syria is in the thick of an economic crisis compounded by a coronavirus lockdown and a dollar liquidity crunch in neighboring Lebanon.. Syria's pound hit record lows on the black market Saturday trading at over 2,300 to the dollar, less than a third of its official value, traders said, ahead of new US sanctions.. After the Damascus regime froze assets of the head of the country's largest mobile phone operator and slapped a travel ban on him, the wealthy feel "nobody is safe", he said..