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How Syria illustrates Iran's malign economic influence in the Middle East

DUBAI: After more than a decade of civil war, regime-held Syria is in a state of economic ruin. Conflict, endemic corruption, drought and the mass migration of skilled workers have exacted a devastating toll, leaving the country ripe for exploitation. According to the World Bank, Syria’s gross domestic product shrank by at least 50 percent between 2010 and 2019, leaving more ....

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Today.Az - Iran's export of products to Syria doubled: official

Today.Az - Iran's export of products to Syria doubled: official
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Keyvan Kashefi , Syria Joint Chamber , Iran Syria Joint Chamber , Commerce Keyvan Kashefi ,

"The war of hunger … scares me more than the war of cannons": As inflation soars, Syria's economy spirals downward


“The war of hunger … scares me more than the war of cannons”: As inflation soars, Syria’s economy spirals downward
“The war of hunger … scares me more than the war of cannons”: As inflation soars, Syria’s economy spirals downward
March 15, 2021
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As the Syrian conflict reaches its 10-year anniversary, the economic consequences of a decade of war have been nothing less than catastrophic. Instability and inflation are likely to remain major problems over next 10 years and possibly well beyond but for now they have created a new level of despair in government-held areas.
The Syrian economy has entered its most fragile phase yet and the prospects of a serious recovery remain all but a distant hope as the fiscal challenges confronting the country far outweigh the meagre remedies on offer. The exchange rate of the Syrian pound has skyrocketed to an estimated 4,250 SYP to the U.S. dollar  a more than eighty-fold rise ....

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