BEIRUT, June 22 President Bashar al-Assad
ordered pay rises for Syrian soldiers and government employees
on Saturday to address steep increases in the cost of living
caused by the two-year uprising against his rule.
State media said the pay hikes would raise monthly wages by
40 percent for the first 10,000 Syrian pounds ($50), tapering to
5 percent for monthly pay above 30,000 pounds. Retired state
employees would get more modest rises, it said.
Sharp falls in the Syrian pound have driven up the price of
many goods in recent days. The currency, which stood at 47 to
the dollar at the start of the conflict in March 2011, has
tumbled in value to below 200.
Inflation stands at 50 percent but economists warn that
sustained falls in the currency could fuel hyperinflation.