Officials and Experts: Lifting Syria's Ban Boosts Financial Ties
Economic officials and Syrian experts emphasized that the removal of Syria's designation as a state sponsor of terrorism is a significant step that opens new prospects for rebuilding international financial and banking relations. It will facilitate the entry of global banks and companies into the Syrian market. They highlight that full implementation requires banking and legislative reforms, increased confidence in the economy, and paves the way for the adoption of electronic payment systems, as well as easier transfers and investments. The experts believe that this decision changes Washington's perspective and enhances Syria's potential role as a partner in regional stability, noting that Syria's financial sector needs to develop anti-money laundering laws and restructure its banks to support international financial flows.
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