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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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A neighboring country devalues ​​its currency against the dollar

rocky
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A neighboring country devalues ​​its currency against the dollar Empty A neighboring country devalues ​​its currency against the dollar

Post by rocky Tue 20 Sep 2022, 4:30 am

[size=35][size=35]A neighboring country devalues ​​its currency against the dollar[/size]

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2022-09-19 | quarter to six
A neighboring country devalues ​​its currency against the dollar Doc-P-432706-637991776993166926


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8,475 views


Today, Monday, the Syrian Central Bank announced that the official exchange rate was reduced to 3,015 pounds to the dollar, while the black market rate used in most economic activities amounted to about 4,440 pounds. The official price of the pound before the cut was 2814 to the dollar.


Paralyzed by more than a decade of war, the Syrian economy has become increasingly dependent on the dollar as residents try to protect themselves from currency depreciation and inflation.

The collapse of the lira has pushed up the prices of goods and exacerbated hardships, while Syrians struggle to buy food, electricity and other essentials.






The depreciation of the Syrian currency is tangible evidence of the exhausted economy, in light of shrinking incomes and revenues and a decline in foreign exchange reserves.

Syria is also subject to US and European economic sanctions, which have caused more economic losses.

https://www.alsumaria.tv/news/%D8%AF%D9%88%D9%84%D9%8A%D8%A7%D8%AA/432706/%D8%AF%D9%88%D9%84%D8%A9-%D9%85%D8%AC%D8%A7%D9%88%D8%B1%D8%A9-%D8%AA%D8%AE%D9%81%D8%B6-%D8%B3%D8%B9%D8%B1-%D8%B9%D9%85%D9%84%D8%AA%D9%87%D8%A7-%D8%A3%D9%85%D8%A7%D9%85-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1

    Current date/time is Thu 06 Oct 2022, 6:54 pm