With the Caesar Act entering into force in Syria, a major economic crisis occurred, and the Syrian pound against the US dollar collapsed, as the exchange rate of one dollar reached more than 3 thousand Syrian pounds.
Caesar Act is a set of sanctions that Washington imposed on the Syrian government, and it aims at ceasing human rights violations by the government of Bashar al-Assad. These sanctions provide for freezing reconstruction aid, imposing sanctions on the Syrian government and companies cooperating with it, and targeting Iranian and Russian entities.
Although the sanctions target the heads of the Syrian government, they have created an economic crisis affecting the Syrian people and the regions of northern and eastern Syria.
To mitigate the repercussions of Caesar Act that came into effect on June 17, the Autonomous Administration of North and East Syria took several measures to reduce their impacts and come out with the least possible losses from its consequences. Moreover, a crisis cell was formed whose tasks are to search for how to support projects, especially the agricultural and buy wheat crops by 17 cents, in addition to raising the wages of workers in the departments of Autonomous Administration in proportion to the income of the individual.
Starting with the opening of consumer establishments
The Autonomous Administration is now working to ease the consequences of Caesar Act. In this regard, the Co-chair of the Executive Council in al-Jazeera region and the Member of the Crisis Cell, Talaat Younis, explained that all decisions taken by the Autonomous Administration so far are on the basis of how to provide assistance and sufficient support for the people to secure the basic needs of life.
Talaat Younis revealed to our agency that the Autonomous Administration has finished studying the project of opening consumer establishments for foodstuffs and beginning to open them in all cities and regions of al-Jazeera region as a preliminary stage. In the second stage, the consumer institutions will be opened in the towns as well.
The Autonomous Administration has begun opening consumer institutions in the areas of Amouda, Derik and ad-Dirbasiyah, and is now seeking to open other centers in the rest of the cities and districts within the region, and these institutions will be directly linked with the Autonomous Administration that will secure all the necessary materials and goods at the cost price to establish a kind of balance in the market and prevent traders from monopolizing goods and exploiting the economic crisis.
Younis noted that the opening of consumer establishments will help families secure their daily needs at low prices. He also pointed out that the Autonomous Administration in al-Jazeera region is making efforts to improve the quality of bread in light of the economic crisis, increase the dues of bakeries of flour and the opening of new bakeries, and maintain the price of bread as it is now, two hundred S.P for one bundle.
Temporary projects to solve the electricity problem
Talaat Younis pointed to the development of alternative and temporary projects to avoid the problem of power outages by relying on generators, and stressed: "Electricity generators will be supervised by the municipal councils, city committees, and the energy office to provide adequate support to the owners of generators in order not to cut electricity and to monitor its pricing."
The electricity problem is one of the main problems in the north and east and Syria regions as a result of the Turkish occupation's reduction in the percentage of water in the Euphrates River which feeds the region with electric current. Talaat Younis confirmed: "We suffer from a shortage of electric current due to the low water level of the Euphrates Dam which supplies the region with electricity."
Talaat Younis indicated that the Autonomous Administration seeks to reach a stage of self-sufficiency to alleviate the repercussions of Caesar Act and not rely on import by supporting investors to develop small projects, especially in the field of animal and agricultural wealth. He stressed the need to invest agricultural lands well.