Bankers say Syria printing new money as deficit grows

14.06.2012                      24.Siwan. 5772

Syrien / Geld:

Bankers say Syria printing new money as deficit grows

Printing money seen as a last resort to finance deficit; central bank denies new notes are in circulation.

Syria has released new cash into circulation to finance its fiscal deficit, flirting with inflation after violence and sanctions wiped out revenues and led to a severe economic contraction, bankers in Damascus say….