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Syria Made First Direct International Bank Transfer via SWIFT Since War, Central Bank Governor Says
- Syria completed its first cross-border financial transaction using the SWIFT network in over a decade, conducting a direct transfer to an Italian bank last Sunday.
- This transaction follows the December 2024 overthrow of Bashar al-Assad and the May lifting of U.S. sanctions, which together enabled Syria to reconnect globally.
- Central bank governor Abdulkader Husriyeh chaired a recent virtual meeting with Syrian and U.S. banking officials to discuss restoring correspondent relations and facilitating further transactions.
- Husriyeh indicated that this achievement paves the way for additional similar transactions and characterized it as a significant step forward in Syria's efforts to reconnect with the global financial system.
- This advancement represents an important milestone in reactivating Syria’s banking sector and indicates a slow relaxation of the restrictions essential for the country’s economic recovery.
13 Articles
13 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…
Syria completes first global SWIFT transfer since war
Syria has carried out its first international bank transaction via the SWIFT system since the outbreak of its 14-year civil war, its central bank governor said today, a milestone in Syria's push to reintegrate into the global financial system.
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