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Syria's new Islamist leaders are undertaking a radical overhaul of the country's broken economy, including plans to fire a third of all public sector workers and privatising state-run companies ...
Since the establishment of the First Syrian Republic in 1946, the economy has undergone many structural and other changes. [16] Although the presence of the Allied forces during World War II stimulated commerce by providing markets for agriculture, textiles, and other locally manufactured goods, Syria lacked both the infrastructure and the resources to achieve economic prosperity. [16]
With Syria's corruption-ridden economy in shambles after the overthrow of Bashar Assad, the caretaker government's priority is to raise cash and bring stability. A new Syrian government struggles ...
Iran was Syria's closest ally in the region, and the two countries had a mutual defense agreement in place. Iran had provided Syria with economic and military support for decades, and the two countries shared strong ties in the areas of culture, trade, and politics. Syrian opposition argued that Iran has tried to spread Shiism in Syria.
During the first months of 1961 state control over the Syrian economy was greatly increased. The governor of the Central Bank of Syria resigned at the end of January, warning about the dangers of nationalization and planned currency unification (Egypt and Syria still had their own currencies). On 5 February currency control was introduced, all ...
The fate of Syria's army would be "left to the brothers who will take over the management of the country's affairs", he said. "What concerns us today is the continuation of services for Syrians."
[71] [72] Rebel forces took control over local TV stations and broadcast a message announcing victory against Assad's forces. [73] At this point, organized resistance to the takeover ceased. Syrian army divisions were reported to be abandoning their uniforms and weapons to change into civilian clothing during and after the fall of Damascus. [74]
For over half a century, one family ruled Syria. Yet nearly overnight, as rebels advanced through the country and ultimately reached the capital, Damascus, that brutal reign came to an end. After ...