r/MiddleEastNews - Assad regime ‘siphons millions in aid’ by manipulating Syria’s currency

The Syrian government is siphoning off millions of dollars of foreign aid by forcing UN agencies to use a lower exchange rate, according to new research.

Hit by new US sanctions and the collapse of the banking system in neighbouring Lebanon, cash-strapped Damascus is relying increasingly on unorthodox methods for raising funds — money either pocketed by officials in Damascus for their own personal wealth, or put towards the 10-year-old war effort.



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