MADRID: Syria’s territorial integrity must be preserved following Bashar Assad’s ouster in an Islamist-led militant offensive, Spanish Prime Minister Pedro Sanchez said Wednesday during talks in Madrid with his Lebanese counterpart.
During his meeting with Lebanese Prime Minister Najib Mikati, Sanchez “stressed the need for a peaceful and stable Syria, for the benefit of the Syrian people and all countries in the region, especially Lebanon,” the Spanish government said in a statement after the closed-door meeting.
“He also called for an orderly political transition for the Syrian people while maintaining the territorial integrity of the country and avoiding further escalation in the region,” it added.
Sanchez and Mikati also discussed the situation in Lebanon, where Israel and Hezbollah reached a fragile ceasefire agreement at the end of November after two months of all-out war.
The priority is for this agreement to become a “permanent ceasefire” and “pave the way for the full application” of United Nations Security Council Resolution 1701, which stipulates that southern Lebanon must be free of arms that do not belong to the Lebanese state, the Spanish government statement said.
Adopted in August 2006, the resolution was key to ending the month-long war between Israel and Hezbollah in 2006 and paving the way for long-term stability along the border.
“We confirm Lebanon’s commitment” to this resolution, Mikati wrote on social network X, stressing the need for Israel to “respect the ceasefire decision and withdraw from the cities of southern Lebanon.”
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Syria’s territorial integrity must be respected: Spain PM
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Syria’s territorial integrity must be respected: Spain PM
- During his meeting with Lebanese Prime Minister Najib Mikati, Sanchez “stressed the need for a peaceful and stable Syria, for the benefit of the Syrian people”
- Sanchez and Mikati also discussed the situation in Lebanon
Syria begins circulating new post-Assad currency bills
- Presidential decree said new Syrian currency will be issued by removing two zeros from the nominal value of the old currency
- Central Bank govenor says Syrians can now exchange old Syrian pounds with new banknotes
DAMASCUS, Syria: Syria started the process of circulating new currency bills on Saturday as the nation seeks to stabilize the economy as it recovers from the fall of Bashar Assad’s government.
A decree issued earlier this week by President Ahmad Al-Sharaa said that “old Syrian currency” will be gradually withdrawn from circulation according to a timetable set by the central bank and through designated exchange centers.
Central Bank Governor Mokhles Nazer posted on X that after months of preparations, the exchange of old Syrian pounds with new banknotes officially began Saturday morning.
The presidential decree posted on the SANA state news agency stipulates that “new Syrian currency” will be issued by removing two zeros from the nominal value of the old currency. It means every 100 Syrian pounds of the old currency will now equate to one Syrian pound.
The largest denomination of the old currency was 5,000 Syrian pound, while under the new currency it is 500 pounds.
The US dollar was selling at exchange shops in Damascus on Saturday for 11,800 pounds for the old banknotes, some of which bear the images of Assad and his late father and predecessor, Hafez Assad.
At the start of Syria’s conflict in mid-March 2011, the US dollar was worth 47 Syrian pounds.
Since insurgent groups led by Al-Sharaa’s Hayat Tahrir Al-Sham marched into Damascus in December 2024 to end the Assad family’s 54-year rule, work has been ongoing by the country’s new authorities to improve the economy battered by years of war and Western sanctions.
The US and the European Union have removed most of the sanctions imposed on Syria during Assad’s rule.
A decree issued earlier this week by President Ahmad Al-Sharaa said that “old Syrian currency” will be gradually withdrawn from circulation according to a timetable set by the central bank and through designated exchange centers.
Central Bank Governor Mokhles Nazer posted on X that after months of preparations, the exchange of old Syrian pounds with new banknotes officially began Saturday morning.
The presidential decree posted on the SANA state news agency stipulates that “new Syrian currency” will be issued by removing two zeros from the nominal value of the old currency. It means every 100 Syrian pounds of the old currency will now equate to one Syrian pound.
The largest denomination of the old currency was 5,000 Syrian pound, while under the new currency it is 500 pounds.
The US dollar was selling at exchange shops in Damascus on Saturday for 11,800 pounds for the old banknotes, some of which bear the images of Assad and his late father and predecessor, Hafez Assad.
At the start of Syria’s conflict in mid-March 2011, the US dollar was worth 47 Syrian pounds.
Since insurgent groups led by Al-Sharaa’s Hayat Tahrir Al-Sham marched into Damascus in December 2024 to end the Assad family’s 54-year rule, work has been ongoing by the country’s new authorities to improve the economy battered by years of war and Western sanctions.
The US and the European Union have removed most of the sanctions imposed on Syria during Assad’s rule.
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