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In rebel Syria, some welcome sanctions but fear for economy

In the last bastion of the rebellion against President Bashar al-Assad, Syrians who fled his rule see new U.S. sanctions as a step in the right direction but say they must be shielded from any fallout as the currency crumbles. The toughest U.S. sanctions yet against Damascus came into...

Syria devalues currency as new US sanctions hit

Syria's central bank devalued the Syrian pound Wednesday giving in to weeks of depreciation on the black market as new US sanctions took effect. The central bank raised the official exchange rate from 704 to 1,256 Syrian pounds to the dollar, in a statement published on its social media...