Syria’s al-Bashir Vows to Rebuild but Faces Cash Crunch

People walk along a street, after opposition fighters seized the capital and ousted Syria's Bashar al-Assad, in Damascus, Syria December 11, 2024. REUTERS/Mohamed Azakir
People walk along a street, after opposition fighters seized the capital and ousted Syria's Bashar al-Assad, in Damascus, Syria December 11, 2024. REUTERS/Mohamed Azakir
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Syria’s al-Bashir Vows to Rebuild but Faces Cash Crunch

People walk along a street, after opposition fighters seized the capital and ousted Syria's Bashar al-Assad, in Damascus, Syria December 11, 2024. REUTERS/Mohamed Azakir
People walk along a street, after opposition fighters seized the capital and ousted Syria's Bashar al-Assad, in Damascus, Syria December 11, 2024. REUTERS/Mohamed Azakir

Syria's new interim prime minister said he aimed to bring back millions of Syrian refugees, protect all citizens and provide basic services but acknowledged it would be difficult because the country lacked foreign currency.
"In the coffers there are only Syrian pounds worth little or nothing. One US dollar buys 35,000 of our coins," Mohammed al-Bashir told Italian newspaper Il Corriere della Sera.
"We have no foreign currency and as for loans and bonds we are still collecting data. So yes, financially we are very bad."

Bashir ran the Salvation Government in a tiny pocket of northwestern Syria, before the 12-day lightning offensive swept into Damascus and toppled President Bashar al-Assad.

Rebuilding Syria will be a colossal task following a civil war that killed hundreds of thousands of people. Cities have been bombed to ruins, swathes of countryside depopulated and the economy gutted by international sanctions. Millions of refugees still live in camps after one of the biggest displacements of modern times.

 



Egypt Plans to Offer ‘Comprehensive Proposal’ to Rebuild Gaza While Palestinians Remain in Strip 

Palestinians walk in the destruction caused by the Israeli air and ground offensive in Jabaliya, Gaza Strip, Tuesday, Feb. 11, 2025. (AP)
Palestinians walk in the destruction caused by the Israeli air and ground offensive in Jabaliya, Gaza Strip, Tuesday, Feb. 11, 2025. (AP)
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Egypt Plans to Offer ‘Comprehensive Proposal’ to Rebuild Gaza While Palestinians Remain in Strip 

Palestinians walk in the destruction caused by the Israeli air and ground offensive in Jabaliya, Gaza Strip, Tuesday, Feb. 11, 2025. (AP)
Palestinians walk in the destruction caused by the Israeli air and ground offensive in Jabaliya, Gaza Strip, Tuesday, Feb. 11, 2025. (AP)

Egypt said on Tuesday it plans to offer a "comprehensive proposal" to rebuild Gaza while ensuring Palestinians remain on their land, according to a foreign ministry statement.

It said it is looking forward to cooperating with US President Donald Trump to reach comprehensive and just peace in the region.

The statement comes as Trump continues to press for his plan to take over the Gaza Strip and resettle its population to neighboring Egypt and Jordan despite vehement rejection from Arab states.

Egypt rejected any proposal to allocate land to Gaza residents, the state-affiliated Al Qahera News TV reported on Tuesday, citing Egyptian sources.

Jordanian Foreign Minister Ayman Safadi told state-owned al-Mamlaka TV on Tuesday that there is an Egyptian-led Arab plan to rebuild Gaza without displacing its people.

Trump said earlier on the same day that he believed there would be a parcel of land in Jordan, Egypt and someplace else where Palestinians can be resettled.

Trump has infuriated the Arab world by saying that Palestinians would not be able to return to their homes under his proposal to redevelop the enclave, which has been devastated by an Israeli offensive.

"We're going to take it. We're going to hold it, we're going to cherish it. We're going to get it going eventually, where a lot of jobs are going to be created for the people in the Middle East," Trump said in the Oval Office during a meeting with Jordan’s King Abdullah II, saying his plan would "bring peace" to the region.

King Abdullah said later that he reiterated to Trump Jordan’s "steadfast position" against the displacement of Palestinians in Gaza, as well as in the occupied West Bank that borders his country.