US Official: Sanctions Contributed to Devaluation of Syrian Pound

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. REUTERS/Khalil Ashawi
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. REUTERS/Khalil Ashawi
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US Official: Sanctions Contributed to Devaluation of Syrian Pound

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. REUTERS/Khalil Ashawi
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. REUTERS/Khalil Ashawi

US Special Representative for Syria Engagement James Jeffrey said US sanctions and measures contributed to the devaluation of the Syrian pound against the dollar.

In a video meeting that was attended by his Deputy Assistant Secretary Joel Rubin on Sunday, Jeffrey said that Washington made a proposal to Syrian President Bashar al-Assad through a third party to end the crisis.

Washington wants a political process that shouldn’t necessarily change the regime but at least change its attitude and support of terrorist groups and Iran, he continued.

Regarding the economic crisis, he said that the US sanctions against Damascus contributed to the collapse of the Syrian current and that the regime "is incapable of managing an effective economic policy and conducting money-laundry in Lebanese banks."

Moreover, Rubin said that the Caesar Act covers individuals and companies. Responding to a question on ruling out the Kurdish administration from this act, he said that if anyone wishes to invest in energy and construction in self-administered zones then this is out of the US administration's interest.

Meanwhile, Syrian Prime Minister Imad Khamis said that stabilizing the exchange rate between 2017-2020 required USD20 billion.

Khamis added that calls are ongoing with friendly states to discuss possible ways to reinforce the lira’s value.



Hamas, Two Other Palestinian Groups Say Gaza Ceasefire Deal 'Closer Than Ever'

Palestinians inspect damages in the aftermath of Israeli strikes, following a Hamas surprise attack, at Beach refugee camp, in Gaza City, October 9, 2023. (Reuters)
Palestinians inspect damages in the aftermath of Israeli strikes, following a Hamas surprise attack, at Beach refugee camp, in Gaza City, October 9, 2023. (Reuters)
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Hamas, Two Other Palestinian Groups Say Gaza Ceasefire Deal 'Closer Than Ever'

Palestinians inspect damages in the aftermath of Israeli strikes, following a Hamas surprise attack, at Beach refugee camp, in Gaza City, October 9, 2023. (Reuters)
Palestinians inspect damages in the aftermath of Israeli strikes, following a Hamas surprise attack, at Beach refugee camp, in Gaza City, October 9, 2023. (Reuters)

Hamas and two other Palestinian militant groups said on Saturday that a Gaza ceasefire deal with Israel is "closer than ever", provided Israel does not impose new conditions.

"The possibility of reaching an agreement (for a ceasefire and a prisoner exchange deal) is closer than ever, provided the enemy stops imposing new conditions," Hamas, Islamic Jihad and the Popular Front for the Liberation of Palestine said in a rare joint statement issued after talks in Cairo on Friday.

Last week, indirect negotiations between Israel and Hamas mediated by Qatar, Egypt, and the United States were held in Doha, rekindling hope of an agreement.

A Hamas leader told AFP on Saturday that talks had made "significant and important progress" in recent days.

"Most points related to the ceasefire and prisoner exchange issues have been agreed upon," he said on condition of anonymity as he was not authorized to speak publicly on the issue.

"Some unresolved points remain, but they do not hinder the process. The agreement could be finalized before the end of this year, provided it is not disrupted by (Israeli Prime Minister Benjamin) Netanyahu's new conditions."