Economist: Syrian regime, AA's agreements will improve Syrian economic

The economic crisis in Syria is exacerbating day after day and reflects negatively on the Syrian society, so the Syrian regions witness an increase in the prices of basic materials, the low value of the exchange of the Syrian pound against foreign currencies, and the loss of some major materials, which burden the Syrians, to be a new burden to be borne by the Syrians.

The writer and economist, Jalanic Omar, in an audio statement to Hawar news agency (ANHA), spoke about the economic crisis that Syria is going through, its causes, repercussions, ways to avoid the economic crisis and restore the wheel of the Syrian economy to rotation, proposals and mechanism of action that Autonomous Administration in North and East of Syria can reduce the burden of the economic crisis on The people of the region.

The economic crisis is a reflection of the war in Syria

Omar said at the beginning of his speech: "The economic crisis that Syria is experiencing is the result of the war that has been going on in the country for 9 years, and it is a reflection of this war, as the sectors of the Syrian economy have been severely damaged as a result of this war and a large part of it has become outside investment. Agriculture and the result of the war left a number of farmers have lost their lands, irrigation projects have stopped, industry and factories have been destroyed, or have been robbed by mercenary groups or other parties to the conflict."

Omar added, "Trade and as a result of Western sanctions imposed on Syria, import and export operations have become minimal, service sectors and public utilities have been destroyed, as a result of mutual bombing between the two parties."

$ 30 billion decrease in Syrian GDP

He pointed out, "As a result of the sanctions, it is not possible to import and export easily, in addition to the shortage of manpower, as half of the Syrian people are either displaced or refugee, in need of assistance. According to international reports, 80% of the Syrian people are below the poverty line, and need assistance, and therefore these groups are out of production. Categories have become consumed, and this is an additional burden on the matters mentioned. "

The unrest in Lebanon and Iraq is one of the reasons for the deterioration in the value of the Syrian pound

He noted that the collapse is not only for internal reasons but "the productive capacity in the country and the deterioration of the gross domestic product, in addition to the credit line that was present in Syria, which is stalled now since the middle of last year, as well as the economic crisis and the demonstrations in Lebanon and Iraq have negatively affected the price of The exchange of the Syrian pound, because the Syrian regime and businessmen close to the Syrian government and the result of the sanctions imposed on the Syrian economy have sought refuge in the Lebanese and Iraqi banks to complete their financial and monetary transactions, and the result of the crisis for both countries reflected negatively on the Syrian pound.

He also added about the causes of the collapse of the Syrian pound, Omar, "that the Iranian support for the Syrian regime or the credit line, which has been in the range of $ 5 billion since 2011, this line of credit stopped as a result of the sanctions in Iran and the internal crisis in Iran itself, in addition to that the restoration of the Syrian government and the Syrian army to large areas from the country from the hands of armed groups led to an increase in the burden and expenses imposed on the system as a result of its return to government control and the government is obliged to provide services and spending on these areas and since the basic sectors of the economy have been destroyed and not recovered and thus this In addition to the form of another third on the Syrian pound burden factors. "

The Autonomous Administration of North and East of Syria does not object to a fair distribution of wealth to all Syrians, and has emphasized on more than one occasion that it does not monopolize oil, water and agricultural resources.

The exit gate from the economic crisis is an agreement between Damascus, AA.

Regarding the responsibility of the Syrian regime or Autonomous Administration in North and East of Syria regarding the exacerbation of the economic crisis, Omar said: "There are no radical solutions now, all there are painkillers, interim solutions to alleviate the burden on the remaining Syrians in the country, since 80% as you indicated live below the poverty line Therefore, the economic policies that exist in the AA and the Syrian government are analgesics to alleviate the deterioration of the lira and inflation and the burdens of living, we all saw that there is an increase in wages, whether at the self-administration or the Syrian government, which is a cosmetic increase due to a decrease in the value of the exchange of the Syrian pound.

He explained that the ways and possibility of resolving the crisis relate to the possibility of "finding a political solution to the crisis in the country, through reaching an agreement between the AA and the Syrian government, which will contribute in large part to restoring the Syrian economy to its health, since the economic resources are present in the regions of NE, Syria."

(T/S)

ANHA