{"id":356627,"date":"2021-10-21T05:00:12","date_gmt":"2021-10-21T05:00:12","guid":{"rendered":"https:\/\/www.theguardian.com\/global-development\/2021\/oct\/21\/assad-regime-siphons-millions-in-aid-by-manipulating-syrias-currency"},"modified":"2021-10-21T17:28:55","modified_gmt":"2021-10-21T17:28:55","slug":"assad-regime-siphons-millions-in-aid-by-manipulating-syrias-currency","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/10\/21\/assad-regime-siphons-millions-in-aid-by-manipulating-syrias-currency\/","title":{"rendered":"Assad regime \u2018siphons millions in aid\u2019 by manipulating Syria\u2019s currency"},"content":{"rendered":"
Government pocketed half of donations in 2020 as central bank forced UN agencies to use lower exchange rate<\/p>
The Central Bank of Syria, which is sanctioned by the UK, US and EU, in effect made $60m (\u00a344m) in 2020 by pocketing $0.51 of every aid dollar sent to Syria, making UN contracts one of the biggest money-making avenues for President Bashar al-Assad and his government, researchers from the Center for Strategic and International Studies<\/a> (CSIS), the Operations & Policy Center<\/a> thinktank and the Center for Operational Analysis and Research<\/a> found.<\/p> Continue reading...<\/a>\n
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<\/a>.<\/p>