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Syrian Arab News Agency (SANA) > Latest News > Economy > CBS Governor: Lifting sanctions will support Syria’s monetary reform process

CBS Governor: Lifting sanctions will support Syria’s monetary reform process

Published: 2025/08/29 1:19 PM
Updated: 2025/08/29 1:57 PM
CBS Governor: Lifting sanctions will support Syria's monetary reform process

Damascus, SANA- Governor of the Central Bank of Syria (CBS), Abdul Qader al-Hasriya, affirmed that the US Treasury Department’s decision to cancel sanctions imposed on Syria, and the US Department of Commerce’s decision to lift restrictions on exports, directly contribute to supporting Syrian monetary and banking reform efforts, enhancing monetary stability, and raising the level of transparency in financial transactions.

Enhancing access to American technology is a pivotal step toward supporting Syria’s financial and banking sector, particularly in developing modern payment systems, which represent a fundamental pillar for expanding the scope of financial services and facilitating commercial and financial transactions, al-Hasriya stated on his Facebook page Friday.

Al-Husriya said: “The Central Bank of Syria and the Ministry of Finance, in coordination with the Ministry of Foreign Affairs, continue their constructive communication with the US Treasury Department,” he added, “we see a clear keenness to support the ongoing reforms in the financial and banking sectors and in public financial policy.”

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