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.



Netanyahu will Meet Trump on Gaza on December 29, Spokesperson Says

US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu reach to shake hands at a joint press conference in the State Dining Room at the White House in Washington, DC, US, September 29, 2025. REUTERS/Jonathan Ernst/ File Photo
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu reach to shake hands at a joint press conference in the State Dining Room at the White House in Washington, DC, US, September 29, 2025. REUTERS/Jonathan Ernst/ File Photo
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Netanyahu will Meet Trump on Gaza on December 29, Spokesperson Says

US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu reach to shake hands at a joint press conference in the State Dining Room at the White House in Washington, DC, US, September 29, 2025. REUTERS/Jonathan Ernst/ File Photo
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu reach to shake hands at a joint press conference in the State Dining Room at the White House in Washington, DC, US, September 29, 2025. REUTERS/Jonathan Ernst/ File Photo

Israeli Prime Minister Benjamin Netanyahu will meet US President Donald Trump on December 29 to discuss the next steps of the Gaza ceasefire, an Israeli government spokesperson said on Monday, Reuters reported.

On Sunday, Netanyahu said that he will be discussing with Trump the second phase of a US plan to end the war in Gaza later this month. A ceasefire between Israel and Hamas came into effect in October.

Both sides have repeatedly accused each other of violating the truce and wide gaps remain on key issues yet to be discussed under Trump's plan to end the war, including Hamas disarmament, the governance of post-war Gaza and the composition and mandate of an international security force in the enclave.

"The Prime Minister will meet with President Trump on Monday, December 29 they will discuss the future steps and phases and the international stabilization force of the ceasefire plan," government spokesperson Shosh Bedrosian said in an online briefing to reporters.

The prime minister's office said on December 1 that Trump had invited Netanyahu to the White House. Israeli media have since reported that the two leaders may meet in Florida.


Iraq Shuts Down Lukoil West Qurna 2 Field Due to Leak

FILE PHOTO: A general view shows the West Qurna-2 oilfield in southern Basra, Iraq, April 17, 2017. REUTERS/Essam Al-Sudani/File Photo/File Photo
FILE PHOTO: A general view shows the West Qurna-2 oilfield in southern Basra, Iraq, April 17, 2017. REUTERS/Essam Al-Sudani/File Photo/File Photo
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Iraq Shuts Down Lukoil West Qurna 2 Field Due to Leak

FILE PHOTO: A general view shows the West Qurna-2 oilfield in southern Basra, Iraq, April 17, 2017. REUTERS/Essam Al-Sudani/File Photo/File Photo
FILE PHOTO: A general view shows the West Qurna-2 oilfield in southern Basra, Iraq, April 17, 2017. REUTERS/Essam Al-Sudani/File Photo/File Photo

Iraq has shut down the entire oil production at Lukoil's West Qurna 2 oilfield, one of the world's largest, due to a leak on an export pipeline, two Iraqi energy officials told Reuters on Monday.

Lukoil declared force majeure last month at West Qurna 2 as it was hit with sanctions alongside Rosneft as part of US President Donald Trump's push to end the war in Ukraine.

The field, with output of around 460,000 barrels per day, accounts for about 0.5% of world oil supply and 9% of total output in Iraq, OPEC's second-largest producer.

Lukoil's 75% operational stake in the field is its largest foreign asset.

Iraq has frequently produced above its output target agreed with OPEC and allies including Russia, known as OPEC+.

The sanctions have drawn a growing list of potential bidders for Lukoil's global assets that includes oil majors.


UN Palestinian Aid Agency Says Israeli Police ‘Forcibly Entered’ Compound in Jerusalem 

Offices of the United Nations agency for Palestinian refugees, known as UNRWA, are seen in the Shuafat refugee camp in Jerusalem, Monday, Jan. 27, 2025. (AP)
Offices of the United Nations agency for Palestinian refugees, known as UNRWA, are seen in the Shuafat refugee camp in Jerusalem, Monday, Jan. 27, 2025. (AP)
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UN Palestinian Aid Agency Says Israeli Police ‘Forcibly Entered’ Compound in Jerusalem 

Offices of the United Nations agency for Palestinian refugees, known as UNRWA, are seen in the Shuafat refugee camp in Jerusalem, Monday, Jan. 27, 2025. (AP)
Offices of the United Nations agency for Palestinian refugees, known as UNRWA, are seen in the Shuafat refugee camp in Jerusalem, Monday, Jan. 27, 2025. (AP)

Israeli police forcibly entered the compound of the United Nations agency for Palestinian refugees in East Jerusalem early Monday, escalating a campaign against an organization that has been banned from operating on Israeli territory.

The UN Relief and Works Agency for Palestinian Refugees in the Near East, or UNRWA, said in a statement that “sizeable numbers” of Israeli forces including police on motorcycles, trucks and forklifts entered the compound in the Palestinian neighborhood of Sheikh Jarrah and cut communications to the compound.

“The unauthorized and forceful entry by Israeli security forces is an unacceptable violation of UNRWA’s privileges and immunities as a UN agency,” the agency said.

Photos taken by an Associated Press photographer show police cars on the street and an Israeli flag planted on the compound's roof. Photos provided by UNRWA staff show a group of Israeli police officers inside the compound.

Police said in a statement they entered for a “debt-collection procedure” spearheaded by Jerusalem's municipal government, which did not immediately respond to a request for comment.

The raid was the latest action in Israel's campaign against the agency, which provides aid and services to some 2.5 million Palestinian refugees in Gaza, the occupied West Bank and east Jerusalem, as well as 3 million more refugees in Syria, Jordan and Lebanon.

The agency was established to help the estimated 700,000 Palestinians who fled or were driven out of what is now Israel during the 1948 war surrounding Israel’s creation. UNRWA supporters say Israel hopes to erase the Palestinian refugee issue by dismantling the agency. Israel says the refugees should be permanently resettled outside its borders.

For more than a year of the Israel-Hamas war that began Oct. 7, 2023, UNRWA was the main lifeline for Gaza's population, which was largely reliant on aid because of humanitarian crisis unleashed by heavy Israeli bombardment and restrictions on the entry of goods.

Throughout the war, Israel has accused the agency of being infiltrated by Hamas, allegations the UN has denied. After months of mounting attacks from Prime Minister Benjamin Netanyahu and his far-right allies, Israel formally banned it from operating on its territory in January.

The US, formerly the largest donor to UNRWA, halted funding to the agency in early 2024.

UNRWA receives assistance from other agencies UNRWA has since struggled to continue its work in Gaza, with other UN agencies including WFP and UNICEF stepping in to help compensate for a gap UNRWA says is unfillable.

“If you squeeze UNRWA out, what other agency can fill that void?” said Tamara Alrifai, UNRWA’s director of external relations and communications, on the sidelines of the Doha Forum on Saturday.

The agency has been excluded from US-led talks on Phase 2 of the ceasefire, she added.

UNRWA shut down its Jerusalem compound in May after far-right protesters, including at least one member of Israeli Parliament, overran its gate in view of the police. Israel’s far-right has pushed to turn the compound into a settlement and the country's housing minister said last year he had instructed the ministry to “examine how to return the area to the state of Israel and utilize it for housing.”