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.



Despite War with Iran, Israel Intensifies Campaign against Hezbollah in South Lebanon

A plume of smoke rises above hills after an Israeli strike in the southern Lebanese Nabatiyeh district on June 20, 2025. (AFP)
A plume of smoke rises above hills after an Israeli strike in the southern Lebanese Nabatiyeh district on June 20, 2025. (AFP)
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Despite War with Iran, Israel Intensifies Campaign against Hezbollah in South Lebanon

A plume of smoke rises above hills after an Israeli strike in the southern Lebanese Nabatiyeh district on June 20, 2025. (AFP)
A plume of smoke rises above hills after an Israeli strike in the southern Lebanese Nabatiyeh district on June 20, 2025. (AFP)

Israel has intensified its campaign against Hezbollah in southern Lebanon in the past three days, carrying out six strikes that killed five of the Iran-backed party’s members.

Israel's military said Saturday its navy hit a Hezbollah "infrastructure site" near the southern Lebanese city of Naqoura, a day after Israel's foreign minister warned the Lebanese armed group against entering the Iran-Israel war.

"Overnight, an Israeli Navy vessel struck a Hezbollah 'Radwan Force' terrorist infrastructure site in the area of Naqoura in southern Lebanon", the military said, adding the site was used by Hezbollah "to advance terror attacks against Israeli civilians".

On Friday, Israeli jets struck a vehicle in the town of al-Abbasiyeh east of Tyre city, killing Mohammed Khodr al-Husseini, whom local media identified as a Hezbollah member.

The Israeli army confirmed the killing, saying Husseini was a Hezbollah commander operating in the Litani sector. It added that he was working on rebuilding Hezbollah’s artillery operations in the area.

Later on Friday, an Israeli drone strike in the town of al-Hebbariyah near the Israeli border hit a vehicle parked by the side of the road. The vehicle turned out to be empty.

The attacks followed a bloody day of strikes on Thursday that killed three Hezbollah members in three strikes. One civilian was killed in the attacks.

One strike targeted a motorcycle in the town of Kfar Joz in Nabatiyeh, another a vehicle in the border town of Houla and the third another motorcycle in the town of Barish in the Tyre district.

Israel has kept up its strikes against Hezbollah members despite the ceasefire that ended the war between them in November and despite the ongoing war between Israel and Iran.

Israeli Defense Minister Israel Katz warned Hezbollah to exercise caution on Friday, saying Israel's patience with "terrorists" who threaten it had worn thin.

Hezbollah chief Naim Qassem said on Thursday that the group would act as it saw fit in the face of what he called "brutal Israeli-American aggression" against Iran.

In other statements, the group has made no explicit pledge to join the fighting. But it has condemned Israel’s surprise strikes on Iran that sparked the conflict and endorsed Iran’s missile barrages over Israel.

"I suggest the Lebanese proxy be cautious and understand that Israel has lost patience with terrorists who threaten it," Katz said in a statement on Friday, adding that "if there is terrorism -- there will be no Hezbollah."

Qassem "is not learning a lesson from his predecessors and is threatening to act against Israel in accordance with the Iranian dictator's orders," Katz stated.

Separately, United Nations Secretary-General Antonio Guterres announced on Friday the appointment of Major General Diodato Abagnara of Italy as Head of Mission and Force Commander of the United Nations Interim Force in Lebanon (UNIFIL) that operates in the South.

He succeeds Lieutenant General Aroldo Lazaro Saenz of Spain.

Abagnara brings to the position over 36 years of military service, including extensive leadership roles within the Italian Armed Forces, said UNIFIL in a statement.

Most recently, he served as Commander and Chair of the Military Technical Committee for Lebanon (MTC4L), where he oversaw multinational coordination efforts in support of the Lebanese Armed Forces.

Prior to that, he held several key appointments, including Personnel Division Chief and Adviser to the Chief of Defense Staff in the Defense General Staff, Commander of an infantry brigade, and Chief of the Officers’ Employment Office.

From 2018 to 2019, he was also UNIFIL Sector West Commander. In addition, he chaired the Joint Gender Perspective Council within the Defense General Staff, underscoring his commitment to inclusive leadership and institutional reform.