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)
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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.



Kremlin Says It Wants Syria to Swiftly Restore Order after Opposition Attack

Fighters take over the district of Khan al-Assal following fierce fighting between Syrian government forces and opposition forces along with their Turkish-backed allies in the northern Syrian Aleppo province, on November 29, 2024. (Photo by Aaref WATAD / AFP)
Fighters take over the district of Khan al-Assal following fierce fighting between Syrian government forces and opposition forces along with their Turkish-backed allies in the northern Syrian Aleppo province, on November 29, 2024. (Photo by Aaref WATAD / AFP)
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Kremlin Says It Wants Syria to Swiftly Restore Order after Opposition Attack

Fighters take over the district of Khan al-Assal following fierce fighting between Syrian government forces and opposition forces along with their Turkish-backed allies in the northern Syrian Aleppo province, on November 29, 2024. (Photo by Aaref WATAD / AFP)
Fighters take over the district of Khan al-Assal following fierce fighting between Syrian government forces and opposition forces along with their Turkish-backed allies in the northern Syrian Aleppo province, on November 29, 2024. (Photo by Aaref WATAD / AFP)

The Kremlin said on Friday it wanted the Syrian government to restore constitutional order in the Aleppo region as soon as possible after an insurgent offensive there that captured territory for the first time in years.
Russia, a staunch ally of Syrian President Bashar al-Assad, intervened militarily on Assad's side against insurgents in 2015 in its biggest foray in the Middle East since the Soviet Union's collapse, and maintains an airbase and naval facility in Syria.
Opposition led Hayat Tahrir al-Sham group launched an incursion on Wednesday into a dozen towns and villages in the northwestern province of Aleppo, which is controlled by Assad's forces.
It was the first such territorial advance since March 2020 when Russia and Türkiye, which supports the opposition, agreed to a ceasefire that led to the halting of military action in Syria's last major opposition stronghold in the northwest.
Russian and Syrian warplanes bombed an opposition-held area near the border with Türkiye on Thursday to try to push back the insurgents, Syrian army and opposition sources said.
Kremlin spokesman Dmitry Peskov said Moscow regarded the attack as a violation of Syria's sovereignty and wanted the authorities to act fast to regain control.
"As for the situation around Aleppo, it is an attack on Syrian sovereignty and we are in favor of the Syrian authorities bringing order to the area and restoring constitutional order as soon as possible," said Peskov.
Asked about unconfirmed Russian Telegram reports that Assad had flown into Moscow for talks with Russian President Vladimir Putin, Peskov said he had "nothing to say" on the matter.