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.



Blinken Speaks to Israel’s Dermer about Humanitarian Situation in Gaza

 A man sits on rubble of a house destroyed in an Israeli strike at the Nuseirat refugee camp, central Gaza Strip, on November 12, 2024, amid the ongoing war between Israel and the Palestinian group Hamas. (AFP)
A man sits on rubble of a house destroyed in an Israeli strike at the Nuseirat refugee camp, central Gaza Strip, on November 12, 2024, amid the ongoing war between Israel and the Palestinian group Hamas. (AFP)
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Blinken Speaks to Israel’s Dermer about Humanitarian Situation in Gaza

 A man sits on rubble of a house destroyed in an Israeli strike at the Nuseirat refugee camp, central Gaza Strip, on November 12, 2024, amid the ongoing war between Israel and the Palestinian group Hamas. (AFP)
A man sits on rubble of a house destroyed in an Israeli strike at the Nuseirat refugee camp, central Gaza Strip, on November 12, 2024, amid the ongoing war between Israel and the Palestinian group Hamas. (AFP)

US Secretary of State Antony Blinken emphasized the importance of improving the humanitarian situation in Gaza in a meeting with Israeli Minister of Strategic Affairs Ron Dermer in Washington on Monday, the State Department said.

Dermer updated Blinken on operational changes and policy decisions taken by Israel in response to a US letter sent in October, the department said in a statement on Tuesday.

Blinken "emphasized the importance of ensuring those changes lead to an actual improvement in the dire humanitarian situation in Gaza, including through the delivery of additional assistance to civilians throughout Gaza," State Department spokesperson Matthew Miller said in the statement.