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.



Israeli Strikes Kill 14 Palestinians in Gaza, Medical Officials Say

Displaced Palestinians walk near their tents, set up along the beach in the west of Al-Nuseirat refugee camp, central Gaza Strip, 11 November 2024. (EPA)
Displaced Palestinians walk near their tents, set up along the beach in the west of Al-Nuseirat refugee camp, central Gaza Strip, 11 November 2024. (EPA)
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Israeli Strikes Kill 14 Palestinians in Gaza, Medical Officials Say

Displaced Palestinians walk near their tents, set up along the beach in the west of Al-Nuseirat refugee camp, central Gaza Strip, 11 November 2024. (EPA)
Displaced Palestinians walk near their tents, set up along the beach in the west of Al-Nuseirat refugee camp, central Gaza Strip, 11 November 2024. (EPA)

Palestinian medical officials say two Israeli strikes in Gaza killed at least 14 people, including two children and a woman, most in an Israeli-declared humanitarian zone.

One strike late Monday hit a makeshift cafeteria used by displaced people in Muwasi, the center of the so-called humanitarian zone. At least 11 people were killed, including two children, according to officials at Nasser Hospital, where the casualties were taken. Video from the scene showed men pulling bloodied wounded from among tables and chairs set up in the sand in an enclosure made of corrugated metal sheets.

The strike came hours after the Israeli military announced an expansion of the zone, where it has told Palestinians evacuating from other parts of Gaza to take refuge. Hundreds of thousands of displaced Palestinians are sheltering in sprawling tent camps in and around Muwasi, a largely desolate area of dunes and agricultural fields with few facilities or services along the Mediterranean coast of southern Gaza.

Israel faces a deadline this week for the Biden administration’s ultimatum for it to allow more aid into Gaza or risk possible restrictions on US military funding.

Another strike early Tuesday hit a house in the urban Al-Nuseirat refugee camp in central Gaza, killing three people including a woman, according to al-Awda Hospital, which received the casualties. The strike also wounded 11 others, it said.

The Israeli military had no immediate comment on either strike.

Israel’s 19-month-old campaign in Gaza has killed more than 43,000 Palestinians, according to local health authorities who don’t distinguish between civilians and fighters in their count, but say more than half the dead were women and children.

Israel says it targets Hamas fighters and blames the armed group for civilian deaths, saying it operates in residential areas and infrastructure and among displaced people.

The war in Gaza began when Hamas-led gunmen stormed into southern Israel on Oct. 7, 2023 and killed around 1,200 people, mostly civilians, and abducted about 250. Around 100 hostages are still inside Gaza, about a third believed to be dead.