Current and former Syrian officials told Reuters that dollar reserves are nearly depleted
Syria’s caretaker prime minister Mohammad al-Bashir (pictured) told Al Jazeera television on Tuesday that Syria has very low foreign exchange reserves in the shadow of the Assad regime’s misdeeds.
Current and former Syrian officials told Reuters that dollar reserves were nearly depleted as Bashar al-Assad’s government increasingly used them to prop up food and fuel prices and to finance its war effort.
The central bank’s foreign exchange reserves are about $200 million in cash, one of the sources told Reuters, while another said its US dollar reserves were “in the hundreds of millions.”
Still, the vault of Syria’s central bank contains nearly 26 tons of gold, the same amount it had at the start of its bloody civil war in 2011, even after the chaotic fall of Bashar al-Assad’s regime, Reuters reported, citing four people who they know the situation.
Source: Skai
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