Bloomberg News

Syria’s Mayaleh Dismisses Reports of Loss in Value of Currency

July 19, 2012

Reports of losses in the value of the Syrian pound are “exaggerated and untrue” and intended to provoke panic among Syrians, Central Bank Governor Adib Mayaleh said, according to state-run Sana news agency.

Mayaleh said the pound stands at 68.30 to the dollar and those who violate the exchange bulletin or regulations are “partners in the conspiracy hatched against Syria and they will be punished according to the law,” Sana said.

Al Arabiya television said in a report today that the Syrian pound has lost 10 percent of its value and is heading toward collapse after yesterday’s bombing in Damascus that killed three of the country’s top military leaders.

To contact the reporter on this story: Donna Abu-Nasr in Beirut at dabunasr@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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