Syria’s Opposition-led Govt. Bars Circulation of New 5,000 Lira Banknote

A Syrian official in Damascus holds the new banknote (EPA)
A Syrian official in Damascus holds the new banknote (EPA)
TT

Syria’s Opposition-led Govt. Bars Circulation of New 5,000 Lira Banknote

A Syrian official in Damascus holds the new banknote (EPA)
A Syrian official in Damascus holds the new banknote (EPA)

Demand for meats and some vegetable varieties has sharply dropped in northwestern regions of Syria, where refugee families scattered across camps are ailed by a crippling economic crisis, skyrocketing unemployment, poor humanitarian aid and a high population density.

The opposition-led Syrian Interim Government has officially barred the circulation of the new 5,000 lira banknote, the largest denomination in the country, issued by the Central Bank of Syria (CBS) in areas under its control.

It is noteworthy that opposition authorities had also prohibited the circulation of the smaller 2,000 lira bill which was floated in 2017.

Signed by the head of the opposition government, Abdulrahman Mustafa, the order to outlaw dealing with the fresh bill was based on recommendations made by the finance and economy minister.

The ban was also backed by a decision from the National Coalition for Syrian Revolutionary and Opposition Forces.

More so, the Syrian Interim Government has officially made the Turkish lira the currency of choice in areas under its control.

Switching to the Turkish lira has lead prices of basic goods in Idlib province and its countryside to rise.

Meanwhile, the exchange rate of the Syrian lira against Turkish lira reached 395, while the exchange rate of the Syrian lira against the US dollar reached 2,930.

“For more than 15 days, my children have not eaten vegetables such as eggplant, zucchini and potatoes, and meat has become just a dream for many displaced Syrian families in the displacement camps here,” an internally displaced refugee from the western countryside of Hama, who lives now in al-Khalifa camp in the town of Armanaz in northern Idlib countryside, told the Syrian Observatory for Human Rights.

“We rely on the availability of certain materials such as cracked wheat, rice, lentils and chickpeas, which are usually found within the food baskets given out to families in this camp,” they explained.

“Everyone suffers poverty in general and only few can afford buying vegetables and meat for their home or tent,” they added, blaming unemployment and displacement for generating extreme poverty.

“There are many reasons for this situation that we are living in, the most important of which is the lack of job opportunities for young people and the displacement.”

“One meal for the average family may cost approximately 20 TL, equivalent to 7,000 Syrian liras,” the Observatory quoted the refugee as saying.



Lebanon’s Jumblatt Visits Syria, Hoping for a Post-Assad Reset in Troubled Relations

Walid Jumblatt (C), the Druze former leader of Lebanon's Progressive Socialist Party (PSP), and his son and current party head Taymur Jumblatt (C-L) meet with Syrian leader Ahmed al-Sharaa (R) and interim prime minister Mohammad al-Bashir (L) during a visit to Damascus on December 22, 2024. (AFP)
Walid Jumblatt (C), the Druze former leader of Lebanon's Progressive Socialist Party (PSP), and his son and current party head Taymur Jumblatt (C-L) meet with Syrian leader Ahmed al-Sharaa (R) and interim prime minister Mohammad al-Bashir (L) during a visit to Damascus on December 22, 2024. (AFP)
TT

Lebanon’s Jumblatt Visits Syria, Hoping for a Post-Assad Reset in Troubled Relations

Walid Jumblatt (C), the Druze former leader of Lebanon's Progressive Socialist Party (PSP), and his son and current party head Taymur Jumblatt (C-L) meet with Syrian leader Ahmed al-Sharaa (R) and interim prime minister Mohammad al-Bashir (L) during a visit to Damascus on December 22, 2024. (AFP)
Walid Jumblatt (C), the Druze former leader of Lebanon's Progressive Socialist Party (PSP), and his son and current party head Taymur Jumblatt (C-L) meet with Syrian leader Ahmed al-Sharaa (R) and interim prime minister Mohammad al-Bashir (L) during a visit to Damascus on December 22, 2024. (AFP)

Former head of Lebanon’s Progressive Socialist Party (PSP), Druze leader Walid Jumblatt held talks on Sunday with Hayat Tahrir al-Sham leader Ahmed al-Sharaa, whose group led the overthrow of Syria's President Bashar Assad, with both expressing hope for a new era in relations between their countries.

Jumblatt was a longtime critic of Syria's involvement in Lebanon and blamed Assad's father, former President Hafez Assad, for the assassination of his own father decades ago. He is the most prominent Lebanese politician to visit Syria since the Assad family's 54-year rule came to an end.

“We salute the Syrian people for their great victories and we salute you for your battle that you waged to get rid of oppression and tyranny that lasted over 50 years,” said Jumblatt.

He expressed hope that Lebanese-Syrian relations “will return to normal.”

Jumblatt's father, Kamal, was killed in 1977 in an ambush near a Syrian roadblock during Syria's military intervention in Lebanon's civil war. The younger Jumblatt was a critic of the Assads, though he briefly allied with them at one point to gain influence in Lebanon's ever-shifting political alignments.

“Syria was a source of concern and disturbance, and its interference in Lebanese affairs was negative,” al-Sharaa said, referring to the Assad government. “Syria will no longer be a case of negative interference in Lebanon," he said, pledging that it would respect Lebanese sovereignty.

Al-Sharaa also repeated longstanding allegations that Assad's government was behind the 2005 assassination of former Lebanese Prime Minister Rafik Hariri, which was followed by other killings of prominent Lebanese critics of Assad.

Last year, the United Nations closed an international tribunal investigating the assassination after it convicted three members of Lebanon's Hezbollah — an ally of Assad — in absentia. Hezbollah denied involvement in the massive Feb. 14, 2005 bombing, which killed Hariri and 21 others.

“We hope that all those who committed crimes against the Lebanese will be held accountable, and that fair trials will be held for those who committed crimes against the Syrian people,” Jumblatt said.