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FILE - Shopkeeper waits for customers in Damascus, Syria, on Dec. 15, 2022. Syria’s president early Wednesday Aug. 16, 2023 doubled public servant and retirees wages and pensions as the war-torn country’s national currency spiraled further downwards, reaching a new low for the year. (AP Photo/Omar Sanadiki, File)

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Syrian president doubles public sector wages as national currency spirals downwards
August 20, 2023 midnight

Syrian president doubles public sector wages as national currency spirals downwards

President Bashar Assad issued the two decrees just before midnight Tuesday as the Syrian pound's value against the U.S. dollar declined to a new all-time low, down from 7,000 at the beginning of 2023 to 15,000 pounds to the greenback.