menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Cash Crunch Leaves Syrians Queueing For Hours To Collect Salaries

9 0
19.04.2025

Seated on the pavement outside a bank in central Damascus, Abu Fares's face is worn with exhaustion as he waits to collect a small portion of his pension.

"I've been here for four hours and I haven't so much as touched my pension," said the 77-year-old, who did not wish to give his full name.

"The cash dispensers are under-stocked and the queues are long," he continued.

Since the overthrow of president Bashar al-Assad last December, Syria has been struggling to emerge from the wake of nearly 14 years of civil war, and its banking sector is no exception.

Decades of punishing sanctions imposed on the Assad dynasty -- which the new authorities are seeking to have lifted -- have left about 90 percent of........

© International Business Times