Joe Biden voices support for humanitarian ‘pause’ in Israel-Hamas war

An overview of the Jabalia refugee camp and the destruction in the same camp after it was hit by an Israeli strike. (AFP/Maxar)
Short Url
Updated 02 November 2023
Follow

Joe Biden voices support for humanitarian ‘pause’ in Israel-Hamas war

  • ‘I think we need a pause. A pause means giving time to get the prisoners out’

WASHINGTON: President Joe Biden, when responding to a heckler at a Minnesota campaign event Wednesday night, said he thinks there should be a humanitarian “pause” in the Israeli-Hamas war to get “prisoners” out of Gaza.
The 80-year-old Democrat was delivering remarks to some 200 supporters in the northern US state when a member of the audience shouted out to him.
“As a rabbi, I need you to call for a cease-fire right now,” she said, referring to the deadly conflict between Israel and Hamas.
The president responded: “I think we need a pause. A pause means giving time to get the prisoners out.”
Asked about his remarks, the White House later clarified that by “prisoners” the president was referring to hostages held by Hamas.
Biden engaged further with the woman, referring to Israeli Prime Minister Benjamin Netanyahu by the nickname Bibi.
“I’m the guy that convinced Bibi to call for a cease-fire to let the prisoners out. I’m the guy that talked to (Egyptian President Abdel Fattah El-)El-Sisi to convince him to open the door” along Gaza’s border with Egypt to allow freed hostages to leave.
Biden indicated that he was discussing the recent release of two US hostages formerly held by the Palestinian Islamist group.
The White House has previously called for “humanitarian pauses” to allow aid to be delivered into Gaza or to carry out evacuations, but has so far refused to discuss a cease-fire, believing it would exclusively play into the hands of Hamas.
The war between Israel and Hamas entered its 26th day on Wednesday.
In retaliation for the bloody attack by Hamas on October 7, the Israeli army has relentlessly bombed the Gaza Strip, and has launched an increasingly extensive ground operation into the territory.


Syria announces new currency framework, 2-zero redenomination

Updated 29 December 2025
Follow

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.

An employee at a currency exchange shop stacks Syrian bills at a shop in Damascus. The old currency is expected to be taken out of the market in the next few months. (AFP file photo)

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.