{"id":1542905,"date":"2025-06-21T11:35:00","date_gmt":"2025-06-21T15:35:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1542905"},"modified":"2025-06-21T11:35:00","modified_gmt":"2025-06-21T15:35:00","slug":"syria-makes-first-bank-transfer-via-swift-since-war","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/syria-makes-first-bank-transfer-via-swift-since-war\/1542905\/","title":{"rendered":"Syria Makes First Bank Transfer Via SWIFT Since War"},"content":{"rendered":"

Syria Makes First Bank Transfer Via SWIFT Since War<\/span><\/p>\n

\n

All it took for Syria to get back in the global dollar regime was for Al Qaeda to take over.\u00a0<\/p>\n

Reuters reports that Syria completed its first international bank transaction through the SWIFT system since the onset of its 14-year civil war, its central bank governor said Thursday, marking a significant step in the country’s efforts to reintegrate into the global financial system.<\/p>\n

Governor Abdelkader Husriyeh said a direct commercial transaction had been carried out from a Syrian to an Italian bank on Sunday, and that transactions with U.S. banks could begin within weeks.<\/p>\n

“The door is now open to more such transactions,” he told Reuters in Damascus.<\/p>\n

Syrian banks were cut off from the world during the civil war after a crackdown by Bashar Assad on anti-government protests in 2011 led Western states to impose sanctions, including on Syria’s central bank.<\/p>\n

Syria central bank<\/a><\/p>\n

After Assad was ousted in a lightning offensive led by “reformed” Al Qaeda CIA-supported “opposition forces” last year, Syria has taken steps to re-establish international ties, culminating in a May meeting between interim President Ahmed al-Sharaa and Donald Trump in Riyadh.\u00a0The US then significantly eased its sanctions <\/strong>and some in Congress are pushing for them to be totally repealed. Meanwhile, Europe announced the end of its economic sanctions regime.<\/p>\n

Like every post-US intervention state, Syria now needs to make transfers with Western financial institutions – or what the Deep State calls “laundering money” – in order to bring in huge sums for reconstruction and to kickstart a war-ravaged economy that has left nine out of 10 people poor, according to the United Nations.<\/p>\n

Husriyeh chaired a high-level virtual meeting on Wednesday, bringing together Syrian banks, several U.S. banks and U.S. officials, including Washington’s Syria envoy Thomas Barrack.<\/p>\n

The aim of the meeting was to accelerate the reconnection of Syria’s banking system to the global financial system and Husriyeh extended a formal invitation to U.S. banks to re-establish correspondent banking ties.<\/p>\n

“We have two clear targets: have U.S. banks set up representative offices in Syria and have transactions resume between Syrian and American banks. I think the latter can happen in a matter of weeks,” Husriyeh told Reuters.<\/p>\n

Among the banks invited to Wednesday’s conference were JPMorgan, Morgan Stanley and Citibank, though it was not immediately clear who attended.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 06\/21\/2025 – 07:35<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/syria-makes-first-bank-transfer-swift-war<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

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