Advertisement
YOU ARE HERE: LAT HomeCollectionsSyria Currency
IN THE NEWS

Syria Currency

FEATURED ARTICLES
NEWS
March 6, 1990 | NICK B. WILLIAMS Jr., TIMES STAFF WRITER
Through periods of drought and permanent inefficiency, the Syrian economy has hobbled along on the proceeds of oil exports and the crutch of soft credit and barter trade with the Soviet Bloc. The crutch has begun to wobble. The Damascus government has no hard cash. Its oil earnings are spent on imported wheat.
ARTICLES BY DATE
WORLD
August 17, 2011 | By Borzou Daragahi, Los Angeles Times
A sharp discrepancy between Syria's nose-diving economy and its relatively stable currency is fueling speculation among observers that either another country, presumably strategic oil-rich ally Iran, has injected huge amounts of cash into its economy, or Damascus is quickly draining its foreign currency reserves. Syria's overall economy, stock market, vital tourism industry and foreign investment have collapsed, according to economists and analysts. It appears to have hemorrhaged cash, with the bulk flowing to Lebanon, which has long served as a conduit for Syrian finances.
Advertisement
WORLD
August 17, 2011 | By Borzou Daragahi, Los Angeles Times
A sharp discrepancy between Syria's nose-diving economy and its relatively stable currency is fueling speculation among observers that either another country, presumably strategic oil-rich ally Iran, has injected huge amounts of cash into its economy, or Damascus is quickly draining its foreign currency reserves. Syria's overall economy, stock market, vital tourism industry and foreign investment have collapsed, according to economists and analysts. It appears to have hemorrhaged cash, with the bulk flowing to Lebanon, which has long served as a conduit for Syrian finances.
NEWS
March 6, 1990 | NICK B. WILLIAMS Jr., TIMES STAFF WRITER
Through periods of drought and permanent inefficiency, the Syrian economy has hobbled along on the proceeds of oil exports and the crutch of soft credit and barter trade with the Soviet Bloc. The crutch has begun to wobble. The Damascus government has no hard cash. Its oil earnings are spent on imported wheat.
Los Angeles Times Articles
|