20 Hrs
Source:
بوابة الشروق
Syria issues first letter of credit in 14 years
Syria announced the issuance of its first documentary credit in 14 years to finance a shipment of petroleum products from Saudi Aramco. This was achieved through a direct banking transaction with one of the major American banks. This step opens a new avenue for securing oil supplies to the Syrian market through direct commercial and banking arrangements and underscores the efforts of the Central Bank of Syria to support the continuity of supplies and improve international commercial operations. This development comes amid efforts to expand financial cooperation after years of isolation and sanctions. The size of the deal or the delivery date were not specified, but this development reflects a strategic move towards improving Syria's financial and commercial system.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)