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Security situation in Damascus gradually stabilizing

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Security situation in Damascus gradually stabilizing

2024-12-12 20:31 Last Updated At:12-13 00:47

The security situation in Damascus is gradually stabilizing, with commercial streets in the city center reopening Wednesday after the transitional government officially took over power the previous day.

Businesses and daily activities have resumed after the lifting of a curfew in the Syrian capital on Wednesday, which was imposed three days earlier following the fall of Bashar al-Assad’s government.

The lifting of the curfew came after Mohammed al-Bashir, previously a regional leader in northwestern Syria, announced Tuesday that he had been tasked with heading a transitional government in Syria until March 2025.

According to a China Media Group (CMG) correspondent, even though commercial activities are gradually resuming in Damascus, commodity prices are fluctuating.

Traffic was more congested on Wednesday than in previous days, said the correspondent, adding that fuel shortage is becoming even more severe, with high prices.

Armed forces have been seen maintaining order in the urban area of Damascus near public institutions, including the central bank and national television station.

"What is important for us is to unite. We will actively present our demands as citizens. We want to give them a chance until the country calms down," said a local resident.

Security situation in Damascus gradually stabilizing

Security situation in Damascus gradually stabilizing

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Macao celebrates completion of prototype digital currency

2024-12-12 22:52 Last Updated At:12-13 00:17

China's Macao Special Administrative Region (SAR) on Thursday held a ceremony to celebrate the completion of its e-MOP prototype digital currency and the publication of a white paper on the new digital currency. The e-MOP digital currency, supported by the People's Bank of China (PBOC), lays the necessary foundation for the future development of the digital Macao pataca.

As legal tender in Macao, e-MOP will have the same legal status and value as paper money and coins. It will also be interoperable with existing electronic payment systems in Macao, enabling connectivity between e-MOP wallets, bank accounts and other digital wallets. This will create a more efficient and cost-effective transaction environment.

The white paper released on Thursday presents a clear blueprint for the future development of e-MOP.

Macao celebrates completion of prototype digital currency

Macao celebrates completion of prototype digital currency

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