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
TT

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.



Lebanon State Media Says Israel Blows Up Houses on Border

This handout satellite picture provided by Planet Labs PBC and dated October 24, 2024 shows a view of the village of the southern Lebanese village of Mais al-Jabal on the border with Israel, amid the ongoing war between Hezbollah and Israel. (Photo by Planet Labs PBC / AFP)
This handout satellite picture provided by Planet Labs PBC and dated October 24, 2024 shows a view of the village of the southern Lebanese village of Mais al-Jabal on the border with Israel, amid the ongoing war between Hezbollah and Israel. (Photo by Planet Labs PBC / AFP)
TT

Lebanon State Media Says Israel Blows Up Houses on Border

This handout satellite picture provided by Planet Labs PBC and dated October 24, 2024 shows a view of the village of the southern Lebanese village of Mais al-Jabal on the border with Israel, amid the ongoing war between Hezbollah and Israel. (Photo by Planet Labs PBC / AFP)
This handout satellite picture provided by Planet Labs PBC and dated October 24, 2024 shows a view of the village of the southern Lebanese village of Mais al-Jabal on the border with Israel, amid the ongoing war between Hezbollah and Israel. (Photo by Planet Labs PBC / AFP)

Lebanese state media said the Israeli army on Friday detonated explosives planted inside houses in three border villages that have been battered by the Israel-Hezbollah war.

Hezbollah says it is engaged in fighting Israeli forces in the area, more than a month into an Israeli ground invasion aimed at pushing the Iran-backed group away from the border.

"Since this morning, the Israeli enemy's army has been carrying out bombing operations inside the villages of Yaroun, Aitaroun and Maroun al-Ras in the Bint Jbeil area, with the aim of destroying residential homes there," the official National News Agency said.

Israeli forces also conducted a raid in the nearby town of Bint Jbeil, NNA said, after Hezbollah said it targeted Israeli troops in the flashpoint border region, AFP reported.

Hezbollah said on Thursday it had "ambushed" Israeli ground forces attempting to infiltrate Yaroun.

The group has claimed eight operations since Wednesday targeting Israeli troops on the outskirts of Maroun al-Ras.

Friday's explosions are the latest in a string of similar incidents that have impacted the border area.

According to NNA, Israeli troops blew up buildings in at least seven border villages last month.

Footage verified by AFP on Monday showed massive blasts that ripped through Mais al-Jabal and reduced homes to rubble.

Israel's Channel 12 last month broadcast footage appearing to show one of its presenters blow up a building while embedded with soldiers in the village of Aita al-Shaab.