Cash crunch leaves Syrians queueing for hours to collect salaries

Short Url
Updated 19 April 2025
Follow

Cash crunch leaves Syrians queueing for hours to collect salaries

  • Syria has been struggling to emerge from the wake of nearly 14 years of civil war, and its banking sector is no exception
  • The liquidity crisis has forced authorities to drastically limit cash withdrawals, leaving much of the population struggling to make ends meet

DAMASCUS: Seated on the pavement outside a bank in central Damascus, Abu Fares’s face is worn with exhaustion as he waits to collect a small portion of his pension.
“I’ve been here for four hours and I haven’t so much as touched my pension,” said the 77-year-old, who did not wish to give his full name.
“The cash dispensers are under-stocked and the queues are long,” he continued.
Since the overthrow of president Bashar Assad last December, Syria has been struggling to emerge from the wake of nearly 14 years of civil war, and its banking sector is no exception.
Decades of punishing sanctions imposed on the Assad dynasty – which the new authorities are seeking to have lifted – have left about 90 percent of Syrians under the poverty line, according to the United Nations.
The liquidity crisis has forced authorities to drastically limit cash withdrawals, leaving much of the population struggling to make ends meet.
Prior to his ousting, Assad’s key ally Russia held a monopoly on printing banknotes. The new authorities have only announced once that they have received a shipment of banknotes from Moscow since Assad’s overthrow.
In a country with about 1.25 million public sector employees, civil servants must queue at one of two state banks or affiliated ATMs to make withdrawals, capped at about 200,000 Syrian pounds, the equivalent on the black market of $20 per day.
In some cases, they have to take a day off just to wait for the cash.
“There are sick people, elderly... we can’t continue like this,” said Abu Fares.
“There is a clear lack of cash, and for that reason we deactivate the ATMs at the end of the workday,” an employee at a private bank said, preferring not to give her name.
A haphazard queue of about 300 people stretches outside the Commercial Bank of Syria. Some are sitting on the ground.
Afraa Jumaa, a civil servant, said she spends most of the money she withdraws on the travel fare to get to and from the bank.
“The conditions are difficult and we need to withdraw our salaries as quickly as possible,” said the 43-year-old.
“It’s not acceptable that we have to spend days to withdraw meagre sums.”
The local currency has plunged in value since the civil war erupted in 2011, prior to which the dollar was valued at 50 pounds.
Economist Georges Khouzam explained that foreign exchange vendors – whose work was outlawed under Assad – “deliberately reduced cash flows in Syrian pounds to provoke rapid fluctuations in the market and turn a profit.”
Muntaha Abbas, a 37-year-old civil servant, had to return three times to withdraw her entire salary of 500,000 pounds.
“There are a lot of ATMs in Damascus, but very few of them work,” she said.
After a five-hour wait, she was finally able to withdraw 200,000 pounds.
“Queues and more queues... our lives have become a series of queues,” she lamented.


The bodies of a Belgian mother and her son were recovered in southern Jordan after flash flooding

Updated 6 sec ago
Follow

The bodies of a Belgian mother and her son were recovered in southern Jordan after flash flooding

The mother and children had been part of a group of 18 tourists
Fourteen tourists, all Czechs, were rescued on Sunday

AMMAN: Search and rescue teams recovered the bodies of a Belgian mother and her son on Monday in Jordan, police said a day after the woman and her three children were reported missing in flash flooding. The other two children were found alive.
Sunday’s flooding in southern Jordan also led to the evacuation of hundreds of tourists from the Petra archaeological site, the country’s main tourist attraction.
The mother and children had been part of a group of 18 tourists who had been on an adventure trip in Wadi Al-Nakhil when they were caught up in the flash flood, Ma’an district local governor Hassan Al-Jabour told state media broadcaster Al-Mamlaka TV.
Fourteen tourists, all Czechs, were rescued on Sunday. Rescue crews located two of the children alive late Sunday, Al-Jabour said. The search and rescue operation was suspended at about 2 a.m. because of the complicated weather conditions and terrain. The bodies of the woman and her son were found Monday morning after the search resumed, he said.
Further details about the family and the ages of the children weren’t immediately available.
Jordan often experiences flash flooding as heavy seasonal rains send torrents of water through dry desert valleys. At least three people died in 2021 when floodwaters swept away their car, while more than 30 people in the Dead Sea region and other parts of Jordan were killed in flash flooding in 2018.

UAE president stresses regional peace during meeting with Turkish foreign minister

Updated 06 May 2025
Follow

UAE president stresses regional peace during meeting with Turkish foreign minister

  • Leaders examined the strategic relationship between Ankara and Abu Dhabi

LONDON: UAE President Sheikh Mohamed bin Zayed Al-Nahyan met with Turkish Foreign Minister Hakan Fidan at the Qasr Al-Shati palace in Abu Dhabi on Tuesday.

They examined the strategic relationship between Ankara and Abu Dhabi, seeking ways to enhance it according to their mutual interests, the Emirates News Agency reported.

Sheikh Mohamed and Fidan discussed regional and international issues, highlighting developments in the Middle East. They stressed the necessity of fostering regional peace and stability in a way that benefits all nations.

The meeting was attended by several senior officials, including Sheikh Hamdan bin Mohamed bin Zayed Al-Nahyan, the deputy chairman of the Presidential Court for Special Affairs; Sheikh Mohamed bin Hamad bin Tahnoun Al-Nahyan, the adviser to the UAE president; Ali bin Hammad Al-Shamsi, the secretary-general of the Supreme Council for National Security; and Khalifa Shaheen Al-Marar, the minister of state.


Emir of Qatar discusses ties in phone call with India PM Modi

Updated 06 May 2025
Follow

Emir of Qatar discusses ties in phone call with India PM Modi

  • The leaders shared perspectives on regional and international developments of mutual concern

LONDON: The Emir of Qatar Sheikh Tamim bin Hamad Al-Thani discussed ties with Indian Prime Minister Narendra Modi during a phone call on Tuesday.

The leaders discussed ways to strengthen the relationship between Doha and New Delhi. They also shared perspectives on regional and international developments of mutual concern, according to the Qatar News Agency.

Sheikh Tamim visited India last February to enhance bilateral collaboration between the two countries in areas such as trade, investment, energy, and finance.


UN urges probe into 'disturbing' video of abducted Libyan MP

Updated 06 May 2025
Follow

UN urges probe into 'disturbing' video of abducted Libyan MP

  • UNSMIL said it was “alarmed” by Ibrahim el-Dirsi’s “enforced disappearance”
  • It described circulating images of his detention as “disturbing“

TRIPOLI: The UN mission in Libya on Tuesday called for an independent investigation into images of an abducted member of the country’s eastern-based parliament that showed signs of torture.
In a statement, UNSMIL said it was “alarmed” by Ibrahim el-Dirsi’s “enforced disappearance” and described circulating images of his detention as “disturbing.”
Dirsi, a member of the Libyan house of representatives, was kidnapped in May 2024 in Benghazi, Libya’s second largest city which he represents.
The North African country has been mired in unrest since the 2011 NATO-backed uprising that toppled dictator Muammar Qaddafi.
It remains split between the UN-recognized Government of National Unity (GNU) in Tripoli, and a rival eastern administration backed by military strongman Khalifa Haftar.
On Monday, Libya’s Al-Ahrar TV aired photos and a video showing Dirsi, apparently in a prison cell, wearing only shorts and chained with a padlock around his neck.
UNSMIL said it had asked UN digital forensic experts to verify the footage’s authenticity.
Tripoli’s GNU described the conditions in the images as “degrading, shocking and inhumane.”
It criticized the “so-called General Command,” referring to Haftar’s forces, after the video appeared to show Dirsi pleading for forgiveness.
The pro-Haftar Al-Masar TV channel quoted lawmakers as saying the images were “fabricated” and “produced using artificial intelligence.”
The eastern-based interior ministry blamed “unidentified criminals affiliated with a gang,” saying the case was under “thorough investigation.”
UNSMIL also condemned “widespread and systemic abuses in detention facilities by law enforcement and security actors in Benghazi, Tripoli, Sabha, and other locations across Libya.”
It said “arbitrary detentions, abductions, torture, enforced disappearances and deaths in custody are serious human rights violations and may constitute international crimes that can be prosecuted by the International Criminal Court.”
“Libyan authorities must ensure these practices immediately cease and that perpetrators are brought to justice,” the statement added.
In 2019, Siham Sergewa, another representative in Benghazi, was abducted from her home shortly after criticizing Haftar on television. She remains missing.


Attack on MSF hospital in South Sudan was deliberate, UN rights commission says

Updated 06 May 2025
Follow

Attack on MSF hospital in South Sudan was deliberate, UN rights commission says

  • “This was not a tragic accident. It was a calculated, unlawful attack on a protected medical facility,” Sooka
  • “The aerial bombing of the MSF hospital in Old Fangak is a flagrant violation of international humanitarian law”

NAIROBI: A bombing attack on a Medecins Sans Frontieres hospital and pharmacy in South Sudan over the weekend was deliberate and may amount to a war crime, the UN Commission on Human Rights in South Sudan said on Tuesday.
MSF said on Saturday that at least seven people had been killed and 20 wounded in South Sudan’s Fangak county when a bomb was dropped on the pharmacy, burning it to the ground and damaging the hospital, followed by another drone attack on Old Fangak, a town in the Greater Upper Nile region.
No one claimed responsibility for the attack, which came on the heels of air strikes and heavy clashes in the region in recent months between national forces and an ethnic militia allegedly allied with First Vice President Riek Machar.
“This was not a tragic accident. It was a calculated, unlawful attack on a protected medical facility,” Yasmin Sooka, chair of the commission, said in a statement.
“The aerial bombing of the MSF hospital in Old Fangak is a flagrant violation of international humanitarian law and could amount to a war crime ...
“Targeting medical facilities and services violates the Geneva Conventions and represents a direct assault on foundations of humanitarian action that are intended to protect civilians in conflict zones.”
Information Minister Michael Makuei did not respond to requests for comment.
South Sudan has officially been at peace since a deal in 2018 ended a five-year civil war between forces loyal to President Salva Kiir and fighters loyal to Machar.
But the house arrest of Machar in March on accusations of trying to start a rebellion has sparked international concern that conflict could reignite.