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BID, ASK and SPREAD
ASK: the price of the base currency at which the dealer is willing to sell in exchange for the quote currency. In simple words, the ask is the price at which you will buy.
SPREAD: the difference between the ask and the bid prices. In other words, it is the difference between the market maker’s “selling” price (to its clients) and the price the market maker “buys” it from its clients.
By the way, the BID is always lower than the ASK. The reason for this mystery is that the SPREAD (the difference between the bid and the ask prices) is how FOREX brokers get paid for their services without charging you with commissions or special fees.
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“Our leader forever” was a slogan one often saw in Syria during the era of President Hafez al-Assad, father of today’s Syrian president.
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The prospect that the dour, stern Syrian leader would live forever was a source of dark humor for many of my Syrian friends when I lived and worked in Aleppo in the late 1980s and early 1990s.
Hafez al-Assad died in June 2000. He wasn’t immortal after all.
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His regime, however, lives on under the leadership of his son Bashar al-Assad.
There were moments when the Bashar regime’s survival looked in doubt. When the so-called Arab Spring rolled across the region in 2011, toppling autocrats in Tunisia, Egypt and Libya, and mass protests broke out in Yemen, Bahrain and Syria, some began to write epitaphs for the Assad dynasty.
But Syria’s allies – Iran, Lebanon’s Hezbollah and Russia – came to the rescue. For the past few years the struggle in Syria between a corrupt, brutal regime in Damascus and a divided, often extreme opposition seemed frozen in place.
Once shunned by his fellow Arab autocrats, Bashar al-Assad was gradually regaining the dubious respectability Arab regimes afford one another.
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