ANKARA: In a strategic move just a week before a planned independence referendum in the Kurdistan Region of Iraq, the Turkish Army announced major military exercises on Monday on the Turkey-Iraq border.
The army said the exercises in the southeastern provinces of Silopi and Habur, across the Syrian frontier controlled by the Kurdish PYD militia, were part of Turkey’s anti-terror operations.
With the Kurdish referendum scheduled for Sept. 25, the location of the military exercises near Habur border gate is significant. It is the main door for cross-border trade from Turkey to the Kurdistan Region and Iraq. Turkey is also a key buyer of oil and natural gas from the Kurdistan Region.
Experts say the military exercises are not a coincidence, but are intended to show Ankara’s determination to emphasize its stance to the global community as the UN General Assembly convenes in New York.
The US is also opposed to the referendum because it could be a distraction from counter-terrorism efforts against Daesh.
Ankara views the vote as “a grave mistake,” and is concerned that it could fuel separatism in Turkey.
“We don’t want to impose sanctions. But if we arrive at that point, there are steps that have been already planned that Turkey can take,” Turkish Prime Minister Binali Yildirim said last week, underlining that Ankara wanted the referendum canceled, not merely postponed.
At a meeting on Monday with members of NGOs and opinion leaders in the southeastern province of Sanliurfa, Yildirim again warned that Turkey would not hesitate in taking necessary measures to ensure its security against a “fait accompli” on its southern borders.
“Those who are dreaming of an artificial state in Syria and Iraq should be well aware that we will react immediately against any attempt that threatens our national security from inside and outside the country,” he said.
Ankara is expected to announce its “decisive stance” on the issue on Friday after a meeting of the National Security Council, attended by senior military and civilian officials under the leadership of President Recep Tayyip Erdogan.
Barin Kayaoglu, an assistant professor of world history at the American University of Iraq, Sulaimani, told Arab News: “We have seen Turkey toughening its rhetoric against the independence referendum in the past few weeks.
“The military exercise that started today, literally across the spot where Turkey’s borders with Syria and Iraq intersect, is a clear signal to the Kurdistan Regional Government that it has to back off.”
Under international law, Kayaoglu said, it would not be easy for Turkey to intervene unilaterally should the referendum happen. “If Ankara could coordinate with the US, Iran and other influential regional and international powers, these concerted efforts could convince KRG President Masoud Barzani to postpone the referendum,” he said.
Emrah Kekilli, an expert on Turkey-Iraq relations from SETA, a think tank in Ankara, said a referendum and subsequent independence would bring serious risks not only to the Kurdistan Region, but also for all of Iraq and the region.
“At this point, Turkey prioritizes its own national security and takes precautions against possible threats. But today’s military exercise on the border should not be considered blackmail. Rather, Ankara prefers to resolve this issue through diplomatic channels with regional actors and at international platforms.”
Kekilli said a declaration of independence in the Kurdistan Region would deal a blow to counter-terrorism efforts in the region, as the subsequent crisis would assist terror groups such as Daesh, the PKK and the PYD.
“The establishment of a Kurdish state would threaten Turkey’s national and border security because it would create greater instability in the region with the presence of the PYD in northern Syria,” he said, and such a process would be unmanageable even by Barzani.
Turkey also dispatched military forces, armored vehicles and military construction vehicles on Monday to Reyhanli district on its southern border with Syria.
Military drills show Erdogan’s stance before Kurdish independence vote
Military drills show Erdogan’s stance before Kurdish independence vote
Syria announces new currency framework, 2-zero redenomination
- Under the plan, every 100 Syrian pounds will be converted into one unit of the new Syrian Arab Republic’s pound
- Governor calls move ‘pivotal milestone within a comprehensive strategy’
DAMASCUS: Syria’s Central Bank announced executive instructions on Sunday to introduce a new Syrian currency, launching a monetary reform that includes removing two zeros from the pound and allowing a 90-day period of dual circulation.
The announcement was made during a press conference at the bank’s headquarters in Damascus.
Central Bank Gov. Abdulkader Husrieh said the step was part of a comprehensive institutional strategy to restore confidence and achieve sustainable economic stability.
He said: “The launch of the new currency is not a formal measure, but a pivotal milestone within a comprehensive strategy based on solid institutional foundations.”
Under the plan, every 100 Syrian pounds will be converted into one unit of the new Syrian Arab Republic’s pound. The old and new currencies will circulate together for 90 days, a period which may be extended.
All bank balances will be converted to the new currency at the beginning of next year, while the overall money supply will be maintained without increase or reduction.
Husrieh said the economic strategy was based on five pillars: monetary stability, a stable and transparent foreign-exchange market, effective and accountable financial institutions, secure digital transformation, and balanced international economic relations.
He said the move required updating financial laws and regulations, improving data systems, keeping pace with global digital developments, and ensuring sustainable financing and training for the financial sector.
The currency exchange will be provided free of charge, with no commissions, fees, or taxes.
All public and private entities must apply the official conversion standard to prices, salaries, wages, and financial obligations. Official exchange-rate bulletins will be issued in both currencies to ensure transparency and prevent speculation.
The governor said the central bank was closely monitoring markets to stabilize the exchange rate and would supply Syrian pounds if demand for foreign currency rises, adding that citizens will feel the impact more clearly after the exchange process is completed.
“Our policy is financial discipline, with no room for inflation,” Husrieh added.
He confirmed that the decree regulating the exchange limits the process to Syrian territory, and said the measures fell within the bank’s 2026-2030 strategy to align with international standards.
The new banknotes, he added, were being printed by leading international companies to prevent counterfeiting.









