Washington, March 11 (SANA) U.S. Special Envoy for Syria Tom Barrack on Wednesday welcomed the reactivation of the Syrian Central Bank’s account at the Federal Reserve Bank of New York, calling the move a step toward renewed financial coordination between Damascus and Washington.
Barrack hailed the development in a post on X, saying the account had been restored for the first time since 2011.
“President Donald Trump kept his promise to give Syria a chance,” Barrack wrote. “The Syrian Central Bank’s account at the Federal Reserve in New York has been reactivated for the first time since 2011, marking progress in coordination between the Syrian and U.S. governments and leading to tangible outcomes.”
The U.S. Treasury Department also welcomed the step Tuesday, saying it forms part of efforts aimed at responsibly reintegrating Syria into the global financial system after years of financial isolation.
The Syrian Central Bank announced on Feb. 28 that it had completed procedures to settle its banking relations with the Federal Reserve and reopen its account in New York. The Syrian Central Bank said the move reflects broader institutional efforts to reorganize Syria’s foreign financial relations and facilitate its gradual integration into the global financial system.
