The Wire

While the world’s attention is fixed on the alleged use chemical weapons and the collateral damage of the Civil War in Syria, the Syrian population is also suffering from high inflation. Researchers from the Cato Institute’s Troubled Currencies Project have estimated this year’s inflation rate at over 200% in Syria. This is a rate almost a hundred times greater than that in Australia. For the Syrian consumer this means dealing with all the negative aspects of a currency that is rapidly losing it’s value, including more uncertainty and much higher prices.