North and East Syria Executive Council announces steps to mitigate effects of cratering Syrian economy and new U.S. sanctions
NORTH AND EAST SYRIA – In an interview with SyriacPress, Elizabeth Gawriye, Deputy Co-Chair of the Executive Council of the Democratic Autonomous Administration (DAA) of North and East Syria, confirmed that the Council met yesterday with the Co-Chairship of the DAA in Gozarto (Jazira) Region.
A number of officials from several Directorates and Offices were also present.
During the meeting, officials discussed the current economic crises gripping the country and the implementation of U.S. sanctions against the Syrian regime – the so-called ‘Caesar’s Law’ – which came into force yesterday.
A series of relevant and important decisions were made to help combat the crises and minimize the negative effects of the new sanctions.
One of the most important decisions was the immediate increase of DAA salaries by 150%.
It was also agreed that the price of internet packages be reduced by 20% starting next month.
Officials in the meeting spoke about the importance of supporting vital small projects, opening consumer institutions, monitoring currency exchange traders, and supporting agricultural and water projects throughout the region.
The Council’s meeting comes as the Syrian Pound, already cratering before the imposition of sanctions, further deteriorates against the U.S. Dollar.