Washington, March 10 (SANA) The United States Department of the Treasury officially welcomed on Tuesday the reactivation of the Central Bank of Syria’s (CBS) account at the Federal Reserve Bank of New York. This landmark development marks the first time the account has been operational since 2011, signaling a major shift in Syria’s reintegration into the global financial system.
In a post on “X”, the U.S. Treasury stated that the lifting of sanctions was merely the initial phase of a broader strategic vision. “Lifting sanctions was just the first step in realizing President Donald Trump’s historic vision for Syria’s greatness and prosperity,” the post read.
The Treasury further emphasized its ongoing collaboration with the new Syrian government to ensure a responsible return to international finance. “The U.S. Treasury is working with the new government to responsibly reintegrate Syria into the global financial system and welcomes the historic announcement by the Central Bank of Syria that its account at the Federal Reserve Bank of New York has been officially reactivated for the first time since 2011.”
By restoring this direct link to the world’s primary reserve bank, Syria gains improved access to international liquidity and dollar-clearing services, essential components for the “New Syria” economic roadmap.
