Exclusive: Syria prints new money as deficit grows: bankers
AMMAN (Reuters) – Syria has released new cash into circulation to finance its fiscal deficit, flirting with inflation after violence and sanctions wiped out revenues and led to a severe economic contraction, bankers in Damascus say.
Four Damascus-based bankers told Reuters that new banknotes printed in Russia were circulating in trial amounts in the capital and Aleppo, the first such step since a popular revolt against President Bashar al-Assad began in 2011.
Article source: http://news.yahoo.com/exclusive-syria-prints-money-deficit-grows-bankers-085726873.html