US EditionSyria Made First Direct International Bank Transfer via SWIFT Since War, Central Bank Governor Says
- On Sunday, Syria completed its initial cross-border banking transaction using the SWIFT network, signaling its return to the global financial system after more than a decade.
- This milestone follows the overthrow of Bashar al-Assad in December 2024 and the subsequent easing of U.S. sanctions in May, accompanied by executive orders to restore financial ties.
- Governor Abdulkader Husriyeh chaired a virtual meeting involving Syrian and U.S. banks and officials aiming to speed Syria's financial reintegration and invited U.S. banks to resume correspondent relations.
- Husriyeh called the transfer a 'qualitative leap' toward Syria's global financial reentry and stated, 'The door is now open to more such transactions,' signaling optimism for upcoming U.S. banking links.
- This development implies a potential new economic phase for Syria, facilitating foreign investment, trade, and reconstruction by reconnecting its banking system with international markets.
17 Articles
17 Articles
Syria Makes First International Bank Transfers Since Fall of Assad
Syrian central bank governor Abdelkader Husriyeh said on Thursday the new government reached a milestone by performing its first international bank transfer using the SWIFT system. The post Syria Makes First International Bank Transfers Since Fall of Assad appeared first on Breitbart.
Syria Rejoins SWIFT for the First Time Since the War: What Are the Economic Implications? - The Syrian Observer
In a landmark development that signals a potential shift in Syria’s long-isolated economic landscape, the Central Bank of Syria announced it had completed its first international banking transaction through the SWIFT system in over fourteen years. The move is widely seen as a strong indication that the country’s new administration is making headway in ending Syria’s economic and financial isolation, brought on by years of civil war and crippling…
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