Syria president decides to hike 50% pay amid harsh crisis – Times of India

Damascus, Syria: President of Syria Bashar Assad It issued a decree on Sunday to give hundreds of thousands of civil servants and military members 50% pay increases amid a harsh economic and financial crisis and rising prices for critical products.
Assad’s decision comes a day after the state doubled the price of bread, the country’s staple staple, and increased the price of diesel fuel by 180 percent.
Syria’s economy has been badly hit by a decade of war, Western sanctions, widespread corruption, and more recently, a severe economic and financial crisis in neighboring countries. Lebanon. The last increment was announced in November 2019.
The decree issued by Assad’s office put the minimum monthly income at 71,515 Syrian pounds ($22). It also gave a 40% increase in retirement pensions to military and civilian pensioners.
America The dollar is trading on the black market at around £3,200 while the official rate is £2,500.
About 80% of Syrians live in poverty, and 60% are food insecure – the worst food security situation Syria has ever seen. United Nations.

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