Syria Names New Central Bank Chief

Syrian pounds, the country's embattled currency. (AFP)
Syrian pounds, the country's embattled currency. (AFP)
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Syria Names New Central Bank Chief

Syrian pounds, the country's embattled currency. (AFP)
Syrian pounds, the country's embattled currency. (AFP)

President Bashar al-Assad appointed a new central bank chief on Tuesday, a week after the former governor was sacked amid Syria's spiraling economic crisis.

"President Assad issues decree Number 126 for the year 2021 which appoints Mohammad Issam Hazimeh as the new governor of Syria's central bank," the presidency said in a statement.

A lawyer by training, Hazimeh has served as deputy central bank governor since 2018, according to pro-government daily Al-Watan.

It said he earlier held posts at the justice ministry, the Damascus Securities Exchange and the state-owned company responsible for online payments.

He replaces Hazem Karfoul who was dismissed in a decree last Tuesday after three years in the post.

Karfoul oversaw an accelerating economic crisis sparked by civil war and compounded by sanctions, the coronavirus pandemic and a financial crunch in neighboring Lebanon.

Al-Watan last week said he was fired because of his "shortcomings" in dealing with the crisis.

"He lacked the courage and responsibility to take technical measures to curb" the devaluation of the Syrian pound, it said, citing sources.

Hazimeh will inherit the daunting task of stabilizing the local currency which has lost more than 98 percent of its value against the dollar on the black market.

Officially valued at 1,256 to the greenback, the dollar now costs nearly 3,000 pounds on the black market.

The government last month started enforcing a series of measures to stem a further drop in the pound's value.

They include new import bans and a state crackdown on unofficial money exchangers, Al-Watan said.



UNRWA Chief Says 'Relentless Assault' on Agency Is Harming Palestinians

23 January 2025, Palestinian Territories, Rafah: Trucks loaded with humanitarian aid from UNRWA enter through the Kerem Shalom crossing from Egypt into the Gaza Strip, days after the ceasefire agreement between Israel and Hamas entered into force. (dpa)
23 January 2025, Palestinian Territories, Rafah: Trucks loaded with humanitarian aid from UNRWA enter through the Kerem Shalom crossing from Egypt into the Gaza Strip, days after the ceasefire agreement between Israel and Hamas entered into force. (dpa)
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UNRWA Chief Says 'Relentless Assault' on Agency Is Harming Palestinians

23 January 2025, Palestinian Territories, Rafah: Trucks loaded with humanitarian aid from UNRWA enter through the Kerem Shalom crossing from Egypt into the Gaza Strip, days after the ceasefire agreement between Israel and Hamas entered into force. (dpa)
23 January 2025, Palestinian Territories, Rafah: Trucks loaded with humanitarian aid from UNRWA enter through the Kerem Shalom crossing from Egypt into the Gaza Strip, days after the ceasefire agreement between Israel and Hamas entered into force. (dpa)

The leader of the UN's Palestinian relief agency UNRWA said Tuesday that Israel's "relentless assault" on the agency was harming the Palestinians, speaking after Israel moved to cut all contact with his organization.

"The relentless assault on UNRWA is harming the lives and future of Palestinians across the occupied Palestinian territory. It is eroding their trust in the international community, jeopardizing any prospect for peace and security," Philippe Lazzarini told a UN Security Council meeting on the issue.

Israel will cease all contact with the UN's Palestinian relief agency UNRWA and any other body acting on its behalf, Israel's envoy to the UN said Tuesday after repeatedly accusing the organization of undermining its security.

UNRWA's offices and staff in Israel play a major role in the provision of healthcare and education to Palestinians, but Israeli officials have long clashed with the agency.

UNRWA claims to have brought in 60 percent of the food to have reached Gaza since the start of the war that followed the October 7, 2023 attacks on Israel.

"The legislation forbids UNRWA from operating within the sovereign territory of the State of Israel, and forbids any contact between Israeli officials and UNWRA," said the envoy, Danny Danon.

He was speaking ahead of a UN Security Council meeting on Israel's passage of legislation ending the organization's legal footing in Israel within 48 hours.

"Israel will terminate all collaboration, communication and contact with UNRWA or anyone acting on its behalf."

Israel claims that a dozen UNRWA employees were involved in the deadly October 7, 2023 assault, and insists that other organizations can pick up the slack to provide essential services, aid and reconstruction -- something the UN disputes.

A series of probes, including one led by France's former foreign minister Catherine Colonna, found some "neutrality related issues" at UNRWA -- but stressed Israel had not provided evidence for its chief allegations.

Lazzarini said UNRWA's "capacity to directly provide primary healthcare for millions of Palestinians, and to resume education for hundreds of thousands of children, far exceeds that of any other entity."

Hamas's October 7 attack on Israel resulted in the deaths of 1,210 people, mostly civilians, according to an AFP tally based on official Israeli figures.

During the attack, gunmen took into Gaza 251 hostages. Eighty-seven remain in the territory, including dozens Israel says are dead.

Israel's retaliatory offensive has killed at least 47,317 people in Gaza, the majority civilians, according to figures from the Hamas-run territory's health ministry that the UN considers reliable.

The war provoked a deep humanitarian crisis, destroying hospitals and sparking outbreaks of infectious diseases while hundreds of thousands of Gazans faced starvation conditions and have depended on food aid.

"We are determined, however, to stay and deliver until it is no longer possible to do so," said Lazzarini.