Syrian Pound plummets after ousting of Assad regime

The Syrian pound has experienced a sharp and unprecedented collapse, coinciding with political developments in the country and the fall of President Bashar al-Assad’s regime.

Read more: Assad leaves as Syrian PM prepares to hand over power to armed groups

In Damascus, the currency depreciated by 42 percent, with the US dollar trading at 22,000 Syrian pounds, according to the currency-tracking site Syria Today.

The decline was even steeper in Aleppo, where the pound dropped by 64 percent, with the dollar reaching 36,000 Syrian pounds.