US Official: Sanctions Contributed to Devaluation of Syrian Pound

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. REUTERS/Khalil Ashawi
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. REUTERS/Khalil Ashawi
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US Official: Sanctions Contributed to Devaluation of Syrian Pound

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. REUTERS/Khalil Ashawi
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. REUTERS/Khalil Ashawi

US Special Representative for Syria Engagement James Jeffrey said US sanctions and measures contributed to the devaluation of the Syrian pound against the dollar.

In a video meeting that was attended by his Deputy Assistant Secretary Joel Rubin on Sunday, Jeffrey said that Washington made a proposal to Syrian President Bashar al-Assad through a third party to end the crisis.

Washington wants a political process that shouldn’t necessarily change the regime but at least change its attitude and support of terrorist groups and Iran, he continued.

Regarding the economic crisis, he said that the US sanctions against Damascus contributed to the collapse of the Syrian current and that the regime "is incapable of managing an effective economic policy and conducting money-laundry in Lebanese banks."

Moreover, Rubin said that the Caesar Act covers individuals and companies. Responding to a question on ruling out the Kurdish administration from this act, he said that if anyone wishes to invest in energy and construction in self-administered zones then this is out of the US administration's interest.

Meanwhile, Syrian Prime Minister Imad Khamis said that stabilizing the exchange rate between 2017-2020 required USD20 billion.

Khamis added that calls are ongoing with friendly states to discuss possible ways to reinforce the lira’s value.



Israel Says it Carried Out Warning Strike on 'Extremists' in Syria Threatening Druze

Syrian security forces secure the area following armed clashes in Jaramana town, near Damascus, Syria, 29 April 2025. EPA/MOHAMMED AL RIFAI
Syrian security forces secure the area following armed clashes in Jaramana town, near Damascus, Syria, 29 April 2025. EPA/MOHAMMED AL RIFAI
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Israel Says it Carried Out Warning Strike on 'Extremists' in Syria Threatening Druze

Syrian security forces secure the area following armed clashes in Jaramana town, near Damascus, Syria, 29 April 2025. EPA/MOHAMMED AL RIFAI
Syrian security forces secure the area following armed clashes in Jaramana town, near Damascus, Syria, 29 April 2025. EPA/MOHAMMED AL RIFAI

The Israeli military carried out a warning strike against "extremists" preparing to attack members of the Druze minority in the Syrian town of Sahnaya, Israeli Prime Minister Benjamin Netanyahu said on Wednesday in a joint statement with Defense Minister Israel Katz.

"The IDF (military) carried out a warning action and struck the organization of an extremist group preparing to attack the Druze population in the town of Sahnaya, in the Damascus region of Syria," said the statement.

The Israeli announcement came after an eruption of deadly sectarian violence in predominantly Druze areas near Damascus.

The Israeli statement also said a message "was passed on to the Syrian regime - Israel expects it to act in order to prevent harm to the Druze."

A spokesman for Syria's interior ministry, speaking to Reuters from Sahnaya said he had no indication that an attack had taken place.