The said delays are expected between the intersection of Hatta Road and Al Ain Road towards Abu Dhabi
"This is stabilising the currency the most in more than 20 months, despite major political pressures that we suffer from,'' Mayaleh said on Friday in a telephone interview from Damascus.
"As soon as we announced the de-peg we started to see an improvement in the exchange rate.''
Mayaleh said on June 4 Syria would follow Kuwait and end the Syrian pound's link to the dollar and peg it to a broader range of currencies to curb rising import costs and inflation. The currency was dragged lower against the euro by a 10 per cent slide in the dollar last year. Kuwait switched to a currency basket in May.
"It certainly reduced the pressure on the currency,'' said Jon Harrison, an emerging-market currency strategist at Dresdner Kleinwort in London. "There is a lot of pressure on currencies to de-peg and we have seen Kuwait and Syria do it, so that adds to the pressure on the others.''
The Syrian pound has strengthened 2.1 per cent against the dollar since June and has weakened to 69.56 per euro yesterday from 66.17 on Jan. 6, according to central bank rates.
Record levels of inflation in Saudi Arabia, the United Arab Emirates, Qatar, and Oman have increased speculation that the countries will have to change their dollar pegs. The central bank governors of Saudi Arabia, the UAE., Qatar, Oman and Bahrain have stated that they have no plans to revalue.
The said delays are expected between the intersection of Hatta Road and Al Ain Road towards Abu Dhabi
Veerendra Kumar said he was cheated by a job agent who had promised him a job in Qatar but sent him to Saudi
The government authority announced the road closure on social media platform X
Around 800,000 passengers are expected to be affected over the weekend as the damage is heavy and labour-intensive to repair
A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
Authority said the exercise will involve movement of military vehicles and urged residents to stay away from designated areas
'I am proud of you. This is going to be historic,' the former first lady told Harris in a live video call
The application will be operational from Thursday, August 1