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Syrian pound hits 1.5-month low
The Syrian pound fell simultaneously with the government's decision to increase fuel prices by up to 40%, marking the second such hike since the beginning of September 2026. This has led to rising inflation and a decline in purchasing power, as the removal of subsidies on basic goods has increased the burdens on families. UN reports indicate that 90% of the population are experiencing record levels of poverty, with at least a quarter living in severe poverty, reflecting the ongoing economic and social decline in Syria.
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