Administration of North and East Syria welcomes US sanctions relief, intensifies market oversight in North and East Syria

NORTH AND EAST SYRIA — The Democratic Autonomous Administration of the Region of North and East Syria (DAARNES) expressed strong support for US President Donald Trump’s decision to lift sanctions on Syria, citing its potential to promote economic stability and attract capital inflows, particularly from Gulf countries and Saudi Arabia.

Mohammed Shukri Mohammed, Co-Chair of the DAARNES Economy and Agriculture Authority, issued a press release on the administration’s official platforms, emphasizing that lifting sanctions would open doors for financial investments and contribute to stabilizing Syria’s economic conditions.

In response to the US decision, DAARNES has ramped up market oversight amid a recent decline in the US Dollar exchange rate.

Ismail Hussein, an official with the Consumer Protection Office, announced the implementation of stricter measures to regulate prices and prevent market manipulation. “We have directed all supply departments to conduct frequent inspections and enforce adherence to the daily dollar exchange rates,” Hussein stated.

Hussein highlighted several steps taken to stabilize markets, including regular patrols to monitor sales transactions and verify invoices, ensuring compliance with official pricing, and strict penalties for traders engaging in price manipulation or refusing to sell goods.

Shops found closed or engaging in unlawful practices will be sealed, and owners will face legal accountability.

These measures aim to protect consumers and maintain market stability during fluctuating economic conditions. DAARNES remains committed to fostering an environment conducive to economic growth while ensuring fairness and transparency in local markets.