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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
    Washington, London - Asharq Al-Awsat
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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.

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Arab World

UN Begins Polio Vaccination in Gaza, as Fighting Rages

Palestinians gather during a polio vaccination campaign, amid the Israel-Hamas conflict, in Deir al-Balah in the central Gaza Strip, September 1, 2024. (Reuters)
Palestinians gather during a polio vaccination campaign, amid the Israel-Hamas conflict, in Deir al-Balah in the central Gaza Strip, September 1, 2024. (Reuters)
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UN Begins Polio Vaccination in Gaza, as Fighting Rages

Palestinians gather during a polio vaccination campaign, amid the Israel-Hamas conflict, in Deir al-Balah in the central Gaza Strip, September 1, 2024. (Reuters)
Palestinians gather during a polio vaccination campaign, amid the Israel-Hamas conflict, in Deir al-Balah in the central Gaza Strip, September 1, 2024. (Reuters)

The United Nations, in collaboration with Palestinian health authorities, began to vaccinate 640,000 children in the Gaza Strip on Sunday, with Israel and Hamas agreeing to brief pauses in their 11-month war to allow the campaign to go ahead.

The World Health Organization (WHO) confirmed last month that a baby was partially paralyzed by the type 2 polio virus, the first such case in the territory in 25 years.

The campaign began on Sunday in areas of central Gaza, and will move to other areas in coming days. Fighting will pause for at least eight hours on three consecutive days.

The WHO said the pauses will likely need to extend to a fourth day and the first round of vaccinations will take just under two weeks.

'Complex’ campaign

"This is the first few hours of the first phase of a massive campaign, one of the most complex in the world," said Juliette Touma, communications director of UNRWA, the UN Palestinian refugee agency.

"Today is test time for parties to the conflict to respect these area pauses to allow the UNRWA teams and other medical workers to reach children with these very precious two drops. It’s a race against time," Touma told Reuters.

Israel and Hamas, who have so far failed to conclude a deal that would end the war, said they would cooperate to allow the campaign to succeed.

WHO officials say at least 90% of the children need to be vaccinated twice with four weeks between doses for the campaign to succeed, but it faces huge challenges in Gaza, which has been largely destroyed by the war.

"Children continue to be exposed, it knows no borders, checkpoints or lines of fighting. Every child must be vaccinated in Gaza and Israel to curb the risks of this vicious disease spreading," said Touma.

Meanwhile, Israeli forces continued to battle Hamas-led fighters in several areas across the Palestinian enclave. Residents said Israeli army troops blew up several houses in Rafah, near the border with Egypt, while tanks continued to operate in the northern Gaza City suburb of Zeitoun.

On Sunday, Israel recovered the bodies of six hostages from a tunnel in southern Gaza where they were apparently killed not long before Israeli troops reached them, the military said.

The war was triggered after Hamas fighters on Oct. 7 stormed into southern Israel killing 1,200 people and taking more than 250 hostages by Israeli tallies.

Since then, at least 40,691 Palestinians have been killed and 94,060 injured in Gaza, the enclave's health ministry says.