Syria’s caretaker PM Bashir: Syria has very low foreign currency reserves

This handout image made available by the Telegram channel of the official Syrian Arab News Agency (SANA) early on December 17, 2024 shows Syria's interim prime minister Mohammad al-Bashir meeting with the UN Emergency Relief Coordinator in Damascus. (AFP)
Updated 17 December 2024
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Syria’s caretaker PM Bashir: Syria has very low foreign currency reserves

DUBAI: Syrian caretaker Prime Minister Mohammad Al-Bashir told Al Jazeera TV on Tuesday that Syria has very low foreign currency reserves.
Current and former Syrian officials have told Reuters that the dollar reserves have been nearly depleted because Bashar Assad’s government increasingly used them to fund food, fuel and its war effort.
The central bank’s foreign exchange reserves amount to just around $200 million in cash, one of the sources told Reuters, while another said the US dollar reserves were “in the hundreds of millions.”


Ceasefire with Kurdish-led force extended for another 15 days, Syrian army says

Updated 25 January 2026
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Ceasefire with Kurdish-led force extended for another 15 days, Syrian army says

  • The defense ministry said the extension was in support of an operation by US forces to transfer accused Daesh militants to Iraq
  • The Kurdish-led Syrian Democratic Forces confirmed the ceasefire extension

RAQQA, Syria: Hours after the expiration of a four-day truce between the Syrian government and Kurdish-led fighters Saturday, Syria’s defense ministry announced the ceasefire had been extended by another 15 days.
The defense ministry said in a statement that the extension was in support of an operation by US forces to transfer accused Daesh militants who had been held in prisons in northeastern Syria to detention centers in Iraq.
The Kurdish-led Syrian Democratic Forces confirmed the ceasefire extension.
“Our forces affirm their commitment to the agreement and their dedication to respecting it, which contributes to de-escalation, the protection of civilians, and the creation of the necessary conditions for stability,” the group said in a statement.
Over the past three weeks, there have been intense clashes between government forces and the SDF, in which the SDF lost large parts of the area they once controlled.
Earlier in the day, the Kurdish-led force called on the international community to prevent any escalation.
The end of the truce came as government forces have been sending reinforcements to Syria’s northeast.
Syria’s interim government signed an agreement last March with the SDF for it to hand over territory and to eventually merge its fighters with government forces. In early January, a new round of talks failed to make progress over the merger, leading to renewed fighting between the two sides.
A new version of the accord was signed last weekend, and a four-day ceasefire was declared Tuesday. Part of the new deal is that SDF members will have to merge into the army and police forces as individuals.
The SDF said in a statement Saturday that military buildups and logistical movements by government forces have been observed, “clearly indicating an intent to escalate and push the region toward a new confrontation.” The SDF said it will continue to abide by the truce.
On Saturday, state TV said authorities on Saturday released 126 boys under the age of 18 who were held at the Al-Aqtan prison near the northern city of Raqqa that was taken by government forces Friday. The teenagers were taken to the city of Raqqa where they were handed over to their families, the TV station said.
The prison is also home to some of the 9,000 members of the Daesh group who are held in northeastern Syria. Most of them remain held in jails run by the SDF. Government forces have so far taken control of two prisons while the rest are still run by the SDF.
Earlier this week, the US military said that some 7,000 Daesh detainees will be transferred to detention centers in neighboring Iraq.
On Wednesday, the US military said that 150 prisoners have been taken to Iraq.