Syrian pound at record low on black market: report

BEIRUT: The value of the Syrian pound against the dollar has fallen sharply to its lowest rate in history, an economic publication said Tuesday.
On the black market on Tuesday, the pound was trading at 650 against the dollar (715 to the euro).
It’s “the lowest in history”, Jihad Yazigi, the editor-in-chief of the  Syria  Report economic publication, told AFP.
“The drop is significant” from 500 Syrian pounds to the dollar at the end of last year, he said.
At the start of the war, the rate stood at around 48 pounds per dollar.
Syria  Report said Tuesday that the most recent drop in value was due to a number of factors.