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Saturday, July 24, 2021

Syria’s president decrees 50% wage hike amid harsh disaster

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DAMASCUS, Syria (AP) — Syrian President Bashar Assad issued a decree Sunday giving a whole lot of hundreds of civil servants and navy members a 50% wage enhance amid a harsh financial and monetary disaster and worth will increase for important merchandise.

Assad’s resolution got here a day after the state doubled the value of bread, the nation’s fundamental staple, and elevated by 180% the value of diesel gas.

The Syrian economic system has been onerous hit by a decade of battle, Western sanctions, widespread corruption and most just lately a extreme financial and monetary disaster in neighboring Lebanon. The final wage enhance was introduced in November 2019.

The decree launched by Assad’s workplace put the minimal month-to-month revenue at 71,515 Syrian kilos ($22). It additionally granted navy and civilian pension holders a rise of 40% within the retirement pension.

The U.S. greenback is buying and selling at about 3,200 kilos on the black market whereas the official charge is 2,500 kilos.

Almost 80% of Syrians stay in poverty, and 60% are meals insecure — the worst meals safety scenario ever seen in Syria, in line with the United Nations.

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