Syria's currency hits record low

Syria's currency hits record low

POSTED: Tuesday, March 26, 2013 - 9:00am

UPDATED: Tuesday, March 26, 2013 - 9:04am

Syria's currency has hit a record low against the U.S. dollar on the black market.

Reports say the Syrian pound has lost almost 25 percent of its value since early March.

The development comes amid the continuing conflict in Syria which hit its two-year mark this month.

The fall of the pound's value has hiked up prices on goods across Syria.

Residents say they're struggling to buy basic necessities like oil and sugar.

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