Syria Re-Engages Global Finance: A New Era for Banking
Syria has made its first international bank transaction using the SWIFT system since the civil war began 14 years ago. This move signifies a significant step towards reintegration into the global financial system, aided by easing sanctions and efforts to reestablish ties with Western financial institutions.
Syria has conducted its inaugural international bank transaction via SWIFT since the civil war's onset, marking a crucial step in reconnecting with the global financial network.
Central bank governor Abdelkader Husriyeh disclosed this development, adding that further transactions with American banks could commence soon.
Following regime changes and easing U.S. sanctions, Syria is eager to rebuild its economy, requiring significant financial transactions with Western institutions.
(With inputs from agencies.)
Advertisement
Google News