DJIBOUTI: French President Emmanuel Macron said Friday its military base in Djibouti could assume a greater role, speaking after Paris was forced to pull troops out of several other African countries.
“Our role is changing in Africa because the world is changing in Africa, because public opinion is changing, because governments are changing,” he said.
Macron was addressing French forces stationed at the strategic Horn of Africa nation before sitting down for a Christmas meal with the troops, a regular feature on the presidential calendar.
France had to change its past logic of having too many military bases in Africa, he said.
In recent years, Mali, Burkina Faso and Niger, all three under military rule, have told France to get its troops out.
They have turned instead to Russia for military support in their fight against the jihadist forces active in the region.
And on Friday, France also began withdrawing ground troops from Chad, after N’Djamena last month abruptly ended military cooperation with the former colonial power.
The central African country was the last Sahel nation to host French troops.
Its decision also came shortly after Senegal’s President Bassirou Diomaye Faye told AFP in an interview that France should close its military bases there.
Djibouti has in the past been part of France’s Indo-Pacific strategy, contributing to freedom of navigation in the Red Sea.
“It is also, and will also have to be reinvented as, a projection point for some of our African missions,” Macron said, without elaborating.
The French base at Djibouti currently hosts 1,500 soldiers.
That makes it France’s largest military contingent abroad and the only one untouched by the military draw-down African nations have imposed on Paris.
In July, Djibouti and France renewed their defense cooperation treaty.
As well as paying rent for the base, France also assumes responsibility for patrolling the airspace over the country.
The small east African state is a relative haven of stability. On the other side of the Red Sea lies Yemen, gripped in a devastating civil war.
Macron sees new role for French military base in Djibouti
https://arab.news/n6uc3
Macron sees new role for French military base in Djibouti
- Macron was speaking after France was forced to pull troops out of several other African countries
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.
