Syria’s president decrees 50% salary hike amid harsh crisis – News Vibe24

    Syria's president decrees 50% salary hike amid harsh crisis - Times of India
    DAMASCUS, Syria: Syrian President Bashar al-Assad issued a decree on Sunday giving hundreds of thousands of civil servants and military members a 50% pay rise amid a severe economic and financial crisis and rising prices for vital products.
    Assad’s decision came a day after the state doubled the price of bread, the country’s staple, and increased the price of diesel by 180%.
    The Syrian economy has been hit hard by a decade of war, Western sanctions, widespread corruption and, most recently, a severe economic and financial crisis in neighboring Lebanon. The last salary increase was announced in November 2019.
    The decree issued by Assad’s office set the minimum monthly income at 71,515 Syrian pounds ($ 22). It also granted a 40% increase in pensions to military and civilian retirees.
    The US dollar trades around 3,200 pounds on the black market, while the official price is 2,500 pounds.
    Nearly 80% of Syrians live in poverty and 60% are food – the worst food security situation ever seen in Syria, according to the United Nations.

    .

    Newsvibe24 Source