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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
    Washington, London - Asharq Al-Awsat
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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.

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Pro-Türkiye Syria Groups Reduce Presence in Kurdish Area, Says Official

US-backed Kurdish fighters stand on their vehicles, as they withdraw from two neighborhoods in Syria's northern city of Aleppo as part of a deal with the Syrian central government, in Aleppo, Syria, Friday, April 4, 2025. (AP)
US-backed Kurdish fighters stand on their vehicles, as they withdraw from two neighborhoods in Syria's northern city of Aleppo as part of a deal with the Syrian central government, in Aleppo, Syria, Friday, April 4, 2025. (AP)
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Pro-Türkiye Syria Groups Reduce Presence in Kurdish Area, Says Official

US-backed Kurdish fighters stand on their vehicles, as they withdraw from two neighborhoods in Syria's northern city of Aleppo as part of a deal with the Syrian central government, in Aleppo, Syria, Friday, April 4, 2025. (AP)
US-backed Kurdish fighters stand on their vehicles, as they withdraw from two neighborhoods in Syria's northern city of Aleppo as part of a deal with the Syrian central government, in Aleppo, Syria, Friday, April 4, 2025. (AP)

Pro-Türkiye Syrian groups have scaled down their military presence in an historically Kurdish-majority area of the country's north which they have controlled since 2018, a Syrian defense ministry official said on Tuesday.

The move follows an agreement signed last month between Syria's new authorities and Kurdish officials that provides for the return of displaced Kurds, including tens of thousands who fled the Afrin region in 2018.

The pro-Ankara groups have "reduced their military presence and checkpoints" in Afrin, in Aleppo province, the official told AFP, requesting anonymity as they were not authorized to speak to the media.

Their presence has been "maintained in the region for now", said the official, adding that authorities wanted to station them in army posts but these had been a regular target of Israeli strikes.

After opposition forces ousted longtime ruler Bashar al-Assad in December, the new authorities announced the disbanding of all armed groups and their integration into the new army, a move that should include pro-Türkiye groups who control swathes of northern Syria.

Turkish forces and their Syrian proxies carried out an offensive from January to March 2018 targeting Kurdish fighters in the Afrin area.

The United Nations has estimated that half of the enclave's 320,000 inhabitants fled during the offensive.

Last month, the Kurdish administration that controls swathes of northern and northeastern Syria struck a deal to integrate its civil and military institutions into those of the central government.

Syria's new leadership has been seeking to unify the country since the December overthrow of Assad after more than 13 years of civil war.

This month, Kurdish fighters withdrew from two neighborhoods of Aleppo as part of the deal.

Syrian Kurdish official Bedran Kurd said on X that the Aleppo city agreement "represents the first phase of a broader plan aimed at ensuring the safe return of the people of Afrin".

The autonomous Kurdish-led administration's military force, the US-backed Syrian Democratic Forces, played a key role in the recapture of the last territory held by the ISIS group in Syria in 2019.