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.

 



Netanyahu Says Israel Is Establishing a New Security Corridor across Gaza

An internally displaced Palestinian walks at the site of a UN clinic following an Israeli airstrike, in the Jabalia refugee camp, northern Gaza Strip, 02 April 2025. (EPA)
An internally displaced Palestinian walks at the site of a UN clinic following an Israeli airstrike, in the Jabalia refugee camp, northern Gaza Strip, 02 April 2025. (EPA)
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Netanyahu Says Israel Is Establishing a New Security Corridor across Gaza

An internally displaced Palestinian walks at the site of a UN clinic following an Israeli airstrike, in the Jabalia refugee camp, northern Gaza Strip, 02 April 2025. (EPA)
An internally displaced Palestinian walks at the site of a UN clinic following an Israeli airstrike, in the Jabalia refugee camp, northern Gaza Strip, 02 April 2025. (EPA)

Prime Minister Benjamin Netanyahu says Israel is establishing a new security corridor across the Gaza Strip.

In a statement on Wednesday, he described it as the Morag corridor, using the name of a Jewish settlement that once stood between Rafah and Khan Younis, suggesting it would run between the two southern cities.

His comments came as Palestinian officials at hospitals inside Gaza said Israeli strikes overnight and into Wednesday had killed more than 40 people, nearly a dozen of them children.

The Israeli government has long maintained a buffer zone just inside Gaza along its security fence and has greatly expanded since the war against Hamas began in 2023. Israel says the buffer zone is needed for its security, while Palestinians view it as a land grab that further shrinks the narrow coastal territory, home to around 2 million people.