The countries agreed to cover $15 million owed to the lender as the new government in Damascus looks to rebuild the economy ...

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

The Syrian pound has collapsed since the war started 14 years ago. In March 2011, the exchange rate was 48 pounds to the US dollar. The rate is now about 10,000 pounds to a dollar. Of ...

Damascus, SANA- The Journalists’ Union has announced the launch of a qualitative package of reforms aimed at enhancing the professionalism of journalistic work and ensuring the rights of media sector ...

In a country with about 1.25 million public sector employees, civil servants must queue at one of two state banks or affiliated ATMs to make withdrawals, capped at about 200,000 Syrian pounds ...

Seated on the pavement outside a bank in central Damascus, Abu Fares's face is worn with exhaustion as he waits to collect a ...

For 54 years, Syria existed in the shadow of a silence so profound, it swallowed entire lives.

Economist Georges Khouzam explained that foreign exchange vendors -- whose work was outlawed under Assad -- "deliberately reduced cash flows in Syrian pounds to provoke rapid fluctuations in the ...