Joseph Eid / AFP - Getty Images
A banker stacks packed Syrian lira bills at the Central Bank in Damscus, Syria, on August 25. US sanctions have forced Syria to stop all transactions in US dollars, with the country turning completely to euro deals, the governor of the Central Bank told the AFP. Adib Mayaleh said that Syrians will have to tighten their belts if protests against President Bashar Al-Assad remain unabated and US and European sanctions bite.
Reuters reported on Friday that the uprising that began earlier this year has damaged the Syrian economy, with investment taking a hit, tourist numbers falling, businesses laying off workers and the West stepping up sanctions on the Assad family and some of their business partners. Meanwhile, forces loyal to President Bashar al-Assad killed eight people overnight.
Read the full story here and read AFP's interview with the governor of the Central Bank here.
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