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Syrian Central Bank restores SWIFT access
The Governor of the Central Bank of Syria, Sedat Ramlán, confirmed that the bank successfully reconnected to the international SWIFT network after the sanctions that had disconnected it were lifted. He clarified that the SWIFT network had not ceased operating for Syrian private banks; rather, the disconnection only affected the Central Bank of Syria. He pointed out that SWIFT is a secure messaging system used for exchanging information between banks, and the obstacles were related to freezing the banking relationships of Syrian banks with the outside world. With the restoration of connectivity, more than six Syrian banks have begun to activate commercial transactions in dollars, as well as in euros, Saudi riyals, UAE dirhams, and Jordanian dinars. It is expected that rebuilding international banking connections will take some time, with the aim of facilitating more seamless international transfer operations and enhancing global financial relations.
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