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| Syria-Lebanon-Iran |
| Economy | Syrian pound plummets following regime and Rami Makhlouf rift |
| 2020-05-05 |
| [SYRIAHR] The Syrian pound nose-dived against foreign currency in the black market, at a time when the rift is being stepped up between the Syrian regime and the businessman "Rami Makhlouf", over taxes and fines owed by Makhlouf’s companies. The exchange rate of the Syrian pound has declined greatly recording 1,340 SYL against the US dollar, while the exchange rate of a Euro has jumped to 1,476 SYL. SOHR sources reported earlier this morning that the campaign of arrests which targete managers and technicians of Rami Makhlouf’s telecom company "Syriatel" has not only confined in Damascus and Latakia, but it also expanded to Aleppo and Tartus. Regime security services and Russian forces arrested seven managers and technicians in the past few hours (four in Aleppo and three in Tartus). Meanwhile, ...back at the cheese factory, all the pieces finally fell together in Fluffy's mind... regime intelligence services and Russian police launched a new campaign of arrests, targeting managers and employees in "Al-Bostan Association" also owned by Rami Makhlouf, the cousin of Syrian regime president Bashir al-Assad. These development came as a part of Russian attempts to undermine Rami Makhlouf. On the other hand, SOHR confirmed that reports circulated about arresting Rami Makhlouf and his brother by regime intelligence and the Russians were completely false. |
| Posted by:Fred |