(Bloomberg) -- Syria became the second Middle
Eastern nation in two weeks to say it will dump its currency's
peg to the dollar to curb rising import costs and inflation.
The country will link the Syrian pound to International
Monetary Fund special drawing rights instead from mid-July,
central bank Governor Adib Mayaleh said. The value of the
drawing rights is determined against a basket of currencies
including the dollar, euro, yen and U.K. pound.
Read more at Bloomberg Currencies News
Eastern nation in two weeks to say it will dump its currency's
peg to the dollar to curb rising import costs and inflation.
The country will link the Syrian pound to International
Monetary Fund special drawing rights instead from mid-July,
central bank Governor Adib Mayaleh said. The value of the
drawing rights is determined against a basket of currencies
including the dollar, euro, yen and U.K. pound.
Read more at Bloomberg Currencies News
No comments:
Post a Comment