ASSAD REGIME ‘SIPHONS MILLIONS IN AID’ BY MANIPULATING SYRIA’S CURRENCY

On 21 October, the Guardian reported that 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.  The Central Bank of Syria has, in effect, made $60 million in 2020 by pocketing $0.51 of every aid dollar sent to Syria.

https://www.theguardian.com/global-development/2021/oct/21/assad-regime-siphons-millions-in-aid-by-manipulating-syrias-currency

https://www.csis.org/analysis/how-assad-regime-systematically-diverts-tens-millions-aid

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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