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World Mena

Watch video: Syrian pays carload of cash to buy a piece of land

War-ravaged Syria is in grip of economic woes as its currency plunges



Picture from the video.
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Cairo: A video has gone viral showing purportedly a Syrian man carrying wads of cash inside a car to pay for a piece of land in his home country which is experiencing an economic collapse amid a devastating civil war now in its 12th year.

The footage shows a man offloading bags of cash money, estimated at around 25 million Syrian pounds, from the back of a packed car.

The money is piled up in front of presumably land owners to cut the deal.

Gulf News could not verify authenticity of the video.

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In recent years, Syria has seen economic deterioration including a plunge in the value of the local pound and hikes in prices of essentials.

One dollar equals more than 2,500 Syrian liras.

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