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Assad forbids use foreign Currency, threatens traders with jail

Assad forbids use foreign Currency, threatens traders with jail

Syrian traders who price goods in foreign currency will face up to 10 years in jail, the regime news Agency (SANA) published on Sunday in a move aimed at stemming the increasing dollarization of an  economy  crippled by two years of cracking down the Syrian revolution. A decree...

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Why Syria’s Crippled Currency Got a Boost from Iran

Why Syria’s Crippled Currency Got a Boost from Iran

Syria’s economy has been crippled by war. More than two years of unrest, violence and international sanctions have   depleted the regime’s foreign reserves   and led to soaring inflation. But the government hasn’t gone bankrupt.   That’s thanks largely to...

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2000 Syrian smugglers create growing headaches for Turkey

2000 Syrian smugglers create growing headaches for Turkey

    Large groups of smugglers attempting to illegally cross into Turkey from Syria are creating growing headaches for units of the Turkish Armed Forces (TSK) stationed near the tense southern frontier, with reports that up to 2,000 smugglers alone attempted to enter the country on...

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Iran and Assad regime sign $3.6bn oil deal

Iran and Assad regime sign $3.6bn oil deal

Tehran agrees to supply Damascus with oil in exchange for the right to invest in country devastated by conflict. Iran has agreed to supply Damascus with $3.6bn in oil in exchange for the right to invest in the country, Syria's state news agency SANA has said. "An agreement was signed...

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Syrian Coalition asks Kerry to send U.S. arms quickly

Syrian Coalition asks Kerry to send U.S. arms quickly

The head of Syria’s opposition told U.S. Secretary of State John Kerry on Thursday the country’s situation was “desperate” and called for the United States to arm the rebels quickly and to push harder for a political settlement. The United Nations says more than 100,000 people have...

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Damascus countryside suffers systematic starvation policy by Assad

Damascus countryside suffers systematic starvation policy by Assad

Damascus countryside has been suffering from a severe siege for more than two months, resulted in difficulties to supply food, and it reached to an extent to consider getting bread into besieged areas a crime as weapons and arms trade, and do not forget the difficulty in providing medicines....

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U.S. Dollars in Syrian black market with Iranian seal

U.S. Dollars in Syrian black market with Iranian seal

  An exchange agent in Damascus told “Eqtsad” that amounts of American dollars had been trading in the black market with an Iranian seal. The dollars stamped with phrase “Ya Zahra’a”, one of sacred Shiite's slogans that glorify al-Zahra’a, the daughter of...

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A Brief History of Peacekeeping Attempts in Syria

A Brief History of Peacekeeping Attempts in Syria

 On July 8, UN Secretary-General Ban Ki-Moon called for a Ramadan ceasefire in Syria. Shorty after, both Iran and Turkey called for a stop to fighting for the month-long Muslim holiday. Neither the opposition or Syrian regime observed the calls. There have been numerous high-profile...

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Jihadists expelled from flashpoint  Kurdish Syrian town, NGO says

Jihadists expelled from flashpoint Kurdish Syrian town, NGO says

Kurdish fighters have expelled jihadists from the Syrian flashpoint frontier town of Ras al-Ain near Turkey, a watchdog said Wednesday, adding that only the border crossing remains under the extremists' control, according to AFP.   Kurdish fighters "have taken near-total control of...

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Challenges of a collapsed lira, accompanied by food security

Challenges of a collapsed lira, accompanied by food security

  Syria's pound -lira- has continued to slide down against the dollar after few 225% of its value in the black market since the outbreak of Syrian revolution against the Assad regime March 2011. The hysteric increase relied on many reason, the newest one is lack of Dollar...

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Syria's food situation will worsen in 2014: U.N. report

Syria's food situation will worsen in 2014: U.N. report

Four million Syrians, or a fifth of the population, are unable to produce or buy enough food for their needs and the situation could deteriorate further next year if the two-year old conflict continues, the  United Nations  said on Friday. Reuters reported. Following a...

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U.N.'s Ban fears for 2,500 civilians trapped in Syria's Homs

U.N.'s Ban fears for 2,500 civilians trapped in Syria's Homs

Some 2,500 civilians are trapped in the Syrian town of Homs, the scene of heavy fighting, the spokesman for U.N. Secretary General Ban Ki-moon said in a statement on Tuesday according to Reuters. Ban called on the warring sides to do their utmost to avoid civilian casualties. He was...

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Syria’s Annual Inflation Hits 200%: Report

Syria’s Annual Inflation Hits 200%: Report

In an attempt to beat Western sanctions and halt the fall in the Syrian pound, the Assad regime – with the help of Iran, Russia, and China –  has begun conducting all of its business in rials, roubles, and renminbi.  This decision supplements other existing arrangements between...

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Syria's oilfields create surreal battle lines amid chaos and tribal loyalties

Syria's oilfields create surreal battle lines amid chaos and tribal loyalties

Tribes are supplying oil and gas to both the government and rebels to spare their villages from attack – and make money A northern wind had been blowing since early morning, lifting a veil of dust that had blocked the sun and turned the sky the colour of ash. Abu Zayed was sitting...

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Syria's Lira hits record low of 210 to the dollar over Regime rumors

Syria's Lira hits record low of 210 to the dollar over Regime rumors

  Syria's pound -lira- has continued to slide against the dollar after few days of fixing rate to reach 210 S.P today, losing as much as 175% of its value in the black market since the outbreak of Syrian revolution against the Assad regime March 2011. The hysteric increase...

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Assad secret deal with Russia gives license to control natural gas resources

Assad secret deal with Russia gives license to control natural gas resources

The Assad regime inked a secret deal that gives Russia the license to control natural gas resources in Syria, according to informed Middle Eastern security officials, World Net Daily (WND) reported. The officials said Assad last month agreed to sign the document, considered an understanding...

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Increase salaries needs 26% further of Syrian budget

Increase salaries needs 26% further of Syrian budget

  " Al-Watan" Pro-Assad newspapers said that the preliminary estimates for the recent salary increase will cost the Syrian Treasury 86 billion Syrian pounds, an amount approximately 6% of the total funds for the budget of 2013 ....

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Syrian rebels renew fight for Aleppo

Syrian rebels renew fight for Aleppo

Syrian rebels battled President Bashar al-Assad's forces in and around the northern city of Aleppo on Sunday, seeking to reverse gains made by loyalist forces in the commercial hub over the last two months, activists said. The fighting, by a variety of insurgent groups, happened...

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