BREAKING NEWS

Syria struggles to halt currency collapse as peace hopes erode

By REUTERS

MAY 12, 2016 14:20

Damascus has announced measures to halt the fall of Syria's currency, but traders expressed doubt it would work after the unraveling of a ceasefire and the collapse of peace talks brought one of the fastest falls of the five year civil war.

The pound has lost more than 90 percent of its value over the course of five years of fighting, and the fall accelerated in recent weeks since peace talks broke up in Geneva and fighting resumed in Aleppo between rebels and government forces.

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