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
TT

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: Cabinet Won't Meet Over Ceasefire Until Hamas Drops New Demands

People check the rubble of buildings hit in Israeli strikes the previous night in Jabalia in the northern Gaza Strip, on January 16, 2025, following a truce announcement amid the war between Israel and the Palestinian Hamas movement. (Photo by Omar AL-QATTAA / AFP)
People check the rubble of buildings hit in Israeli strikes the previous night in Jabalia in the northern Gaza Strip, on January 16, 2025, following a truce announcement amid the war between Israel and the Palestinian Hamas movement. (Photo by Omar AL-QATTAA / AFP)
TT

Netanyahu: Cabinet Won't Meet Over Ceasefire Until Hamas Drops New Demands

People check the rubble of buildings hit in Israeli strikes the previous night in Jabalia in the northern Gaza Strip, on January 16, 2025, following a truce announcement amid the war between Israel and the Palestinian Hamas movement. (Photo by Omar AL-QATTAA / AFP)
People check the rubble of buildings hit in Israeli strikes the previous night in Jabalia in the northern Gaza Strip, on January 16, 2025, following a truce announcement amid the war between Israel and the Palestinian Hamas movement. (Photo by Omar AL-QATTAA / AFP)

Israeli Prime Minister Benjamin Netanyahu’s office said Thursday his Cabinet won’t meet to approve the agreement for a ceasefire in the Gaza Strip and the release of dozens of hostages until Hamas backs down from what it called a “last minute crisis.”
Netanyahu’s office accused Hamas of reneging on parts of the agreement in an attempt “to extort last minute concessions.” It did not elaborate.
The Israeli Cabinet was set to ratify the deal Thursday.
Meanwhile, Israeli strikes across the Gaza Strip have killed at least 48 people over the past day. In previous conflicts, both sides have stepped up military operations in the final hours before ceasefires go into effect as a way to project strength.
Gaza’s Health Ministry said the 48 bodies of people killed since midday Wednesday were brought to several hospitals.