Syria Reconnects: First Bank Transfer via SWIFT in 14 Years
Syria completed its first international bank transfer through SWIFT since the start of its civil war, marking a significant step toward rejoining the global financial system. Central bank governor Abdelkader Husriyeh confirmed a direct transaction with an Italian bank, opening opportunities for future commercial exchanges.
- Country:
- Syria
Syria has successfully executed its first international bank transfer using the SWIFT system, a pivotal move since the onset of its 14-year civil war. This achievement signifies a step forward in Syria's efforts to reintegrate into the global financial community, according to central bank governor Abdelkader Husriyeh.
Husriyeh disclosed to Reuters in Damascus that a direct commercial transaction was completed with an Italian bank on Sunday, marking a vital milestone for the country.
The governor noted, "The door is now open to more such transactions," suggesting the potential for increased international financial activities.
(With inputs from agencies.)
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