Syria selling gold reserves as sanctions bite - sources | Reuters

by Faiz Ahmed last modified 2012-04-19T19:34:07-04:00
"Two gold traders in the United Arab Emirates said the Syrian government had been offering gold at a discount, with one saying it was making offers at about 15 percent below the market price. ... The Syrian pound hit a record low on the black market in March of around 100 to the dollar, compared to 47 before the protests erupted, sharply raising the cost of imports. Diplomats said that sort of economic difficulty would over time increase the pressure on Assad's government."
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