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An economic researcher explains to “Xeber24” the implications of “Caesar’s Law” on democratic self-management and reveals the role of the Syrian bank at that time

Prepare and edit: Sorkhin Resul – Xeber24.net
Translation: Selava Omar

Caesar’s law was proposed shortly after Caesar’s testimony before Congress, and the law garnered full support from the Republican and Democratic parties, followed by President Trump’s signature on 12/21/2019, which provides for penalties and restrictions for those providing support to members of the regime Syrian, and the law seeks to deprive the Syrian regime of financial resources.

With the approaching implementation of the Caesar Law, which is supposed to take effect from the beginning of June 2020, the Syrian pound has witnessed an unprecedented collapse in front of foreign currencies, as coinciding with a conflict between “Rami Makhlouf”, and “Bashar al-Assad”, from He postponed paying him to give up his property in the government’s Syriatel company.

In this regard, “Xeber24” had a private dialogue with the economic researcher, “Khurshid Alika”, who discussed the repercussions and impact of the application of this law on northeastern Syria, and about the plans that must be followed to protect citizens in Rojava from its repercussions, where he said, “Of course in The beginning The European Union also renewed the application of sanctions against the Syrian regime and the Central Bank of Syria and entities and personalities that support the regime until the end of June 2021 and these sanctions are imposed since May 2011 as the approach of the implementation of the Caesar Law on June 19 2020 on the Syrian regime، And it aims to protect civilians in Syria, which guarantees punishing the Syrian regime and its allies for war crimes that have been confirmed and imposing economic sanctions on the neck of the leaders of financial corruption and all who stained their hands with the blood of the Syrian people and supported or participated in campaigns of violence against civilians, countries or individuals, and certainly the project is a step To enhance accountability for the Syrian regime.”

Khourshid Alyka

The economic researcher “Khurshid Alika” said during his speech: “Without a doubt, this law will lead to further economic deterioration in all economic sectors. Also, Rojava / Northeastern Syria is part of Syria and will be negatively affected by this law. Democratic self-management must in cooperation with the forces The US-led international coalition is taking a number of measures to reduce the region’s vulnerability to this law, namely:
First – the necessity of always asserting the international coalition led by America that there are exceptions to the Rojava region from the effects of Caesar’s law on Rojava and allowing the region to export oil without any sanctions.

Second, support the economic development in the region and the process of reconstruction and encourage investment in it. Third, support local industries and agriculture, and secure the requirements of the production process, spare parts and machinery without any penalties through the Semalka crossing or through US bases in the region.
Third – Self-management should increase employment opportunities for poor families and new graduates from universities and institutes so that they all contribute to supporting the reconstruction and development and to the development of management and its institutions always. Mills in the region must be adopted to secure subsidized bread for citizens and adopt the salaries of state employees in the event that the state does not pay their salaries ”

He added: “Also, Caesar’s law targets the Central Bank of Syria because they believe that it supported money-laundering operations in favor of parties that supported war crimes against the Syrians. In this case, the Syrian pound becomes directly targeted and the central bank no longer has any real role as it has lost the tools of monetary sovereignty to control the exchange rate It is very difficult to go towards the total dollarization of currency for the “Rojava” region, where external transactions are currently taking place in the US dollar, while internal transactions are carried out in the Syrian pound, and there are some internal transactions between merchants or with regard to buying and selling real estate that are carried out in the US dollar, meaning that the market is moving towards dollarization internally without the will of the citizens of the region and the administration Also. Meanwhile, state and administration employees are still paid in Syrian pounds.

And about our question about whether the administration has implemented self-sufficiency planning, will it be a way to get rid of this burden ?, “Khurshid Alika” said: The administration must plan to move towards self-sufficiency somewhat to reduce the demand for imports that require hard currency and it will also be a method To support local production and support local agricultural and industrial projects that provide great job opportunities for citizens and provide goods and services to the local market at acceptable prices. It will also achieve economic, social and political stability in the event of a blockade in the region or in the event of epidemics such as the Corona pandemic, which has somewhat disrupted the economic wheel and imported from abroad. ”

And “Khorshid Alika” said that the self-management areas in northern and eastern Syria possess many agricultural, animal and internal wealth, which can be used to protect the citizen in the event of a complete economic deterioration as a result of Caesar’s law: “Of course, the “Rojava” region is characterized by the presence of rivers, dams, and huge agricultural and animal resources that can achieve A kind of self-sufficiency and exporting the rest to abroad, as the presence of oil, gas and phosphates in huge quantities in the region increases the chances of self-sufficiency and there is a possibility to export the rest to abroad are indications that the region is characterized by the diversification of its economic resources that the administration must exploit in an appropriate manner to secure the needs of citizens.

Alika ended his speech by saying, “But the biggest problem facing the administration in the region is how to make optimal use of these resources to support development and stability in the region and to improve the lives of citizens. Here political stability in the region is very important to attract regional and international investments. In the absence of political stability in Syria and promoted “Rojava”, it is It is very difficult to start investments and the region is currently a repulsive environment for investments, and the administration must try to increase production operations and support agriculture and industry and achieve a kind of self-sufficiency and direct the rest towards exporting, especially the amount of oil for export must be increased by the international coalition forces led by America It can secure exceptions for the region from Caesar’s law. ”

Khurshid Alyka:
He researcher specialized in economic and Kurdish affairs, holds a master’s degree in economics in Syria, and a member of the Association of Kurdish Economists – Syria, resident in Germany, has many research and academic articles.

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