Iran Update, August 17, 2023
August 18, 2023 - ISW Press![](https://understandingwar.org/sites/default/files/styles/thumb-wide/public/NewIranUpdate--square-1300_173.jpg?itok=MzTqCBAY)
Syrians demonstrated against worsening economic conditions and the Syrian regime’s mismanagement of the economy across the country. Syrian President Bashar al Assad removed fuel subsidies, raised salaries, and adjusted bus prices to counter the devaluation of the Syrian pound on August 15. The Syrian pound has devalued by over 80 percent since May 2023, which has exacerbated an economic crisis for Syrian civilians. The rising cost of living also has driven discontent in eastern Syria.