Thursday, June 20, 2013

Syrian pound falls 30 percent in value against dollar over weekend

Since both Syria and Iran are in a current financial crisis and since Syria seems to be afraid to buy U.S. Dollars or the Euro to bolster it's currency it is difficult to know what will happen next? Will Russia step in and bolster Syria's currency since Iran cannot at present and Syria seems unable to. It could be a case of Syria through Hezbollah winning the war and losing the economy and bankrupting whatever people in Syria are still alive and solvent and haven't had to become refugees yet. So, Aid agencies worldwide should look at this carefully because if the Syrian pound crashes any further the number of refugees just looking for food and water alone whose money now buys nothing will be scrambling out of Syria if they don't have full food storage available somewhere already. Aid agencies around the world should watch this carefully because this won't just be Sunni refugees now this will be Sunni, Shia, Christian and all other minorities scrambling out of Syria just for food alone.
When a wheelbarrow of money only buys a loaf of bread like it was just before Hitler came to power in Germany only chaos is next, nothing else.

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