Purchasing power in Syria drops '80% since war': report

Residents of Syria have seen their purchasing power drop by an estimated 80% since the beginning of the country's conflict in 2011, the Al-Watan daily saysResidents of war-torn Syria have seen their purchasing power drop by an estimated 80 percent since the beginning of the country’s conflict in 2011, the Al-Watan daily said on Thursday. Syria’s currency has plunged since the conflict erupted, from an exchange rate of 50 Syrian pounds per US dollar then to 370 pounds this year. The European Union and United States have imposed crippling sanctions on Syria, and at least half of the population is believed to be unemployed.

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