Syria’s and Lebanon’s cash crises

Ref: AD-2881

Summary: Syria and Lebanon have some of the weakest currencies in the world, having depreciated by over 98% to the US dollar due since the 2011 civil war, and the 2019 financial crisis in Lebanon. Syria plans to revalue the currency by removing two zeroes while Lebanon is mulling new higher denomination notes, but such policies face major obstacles amid the need for economic reforms.

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