Political risk biggest challenge for Mena investors


Unrest in Syria and Egypt has created major swings in the countries’ currencies in recent months, highlighting the fact that, while the Middle Eastern and North African (Mena) foreign exchange market faces challenges posed by dollar pegs and low liquidity, political risk is by far its biggest danger.  

Amid fears of possible US military action in Syria in August and September, the Syrian pound fell steadily against the US dollar, with SYP/USD reaching 136.61 on September 26 from 70 in May

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