Damascus, SANA- The Central Bank of Syria (CBS) has affirmed that the General License No. 25, issued by the U.S. Department of the Treasury, provides for the partial easing of certain restrictive measures imposed on Syria.
The Bank considered this measure an important step towards enabling international financing channels and facilitating transactions of a humanitarian and economic nature, in line with the fundamental principles of transparency, openness, and international financial integration.
In a statement Saturday, the Central Bank said: “We are following with great interest the issuance of the General License No. 25 by the U.S. Department of the Treasury, which provides for the partial easing of some restrictive measures imposed on the Syrian Arab Republic, including those related to the Central Bank.”
The Bank expressed its aspiration that this measure will serve as a prelude to further steps towards easing and completely lifting sanctions, both at the level of general measures and with regard to the restrictions imposed on banking institutions operating within Syria, in a way that contributes to creating a more stable and balanced economic environment.
The Central Bank reiterated its call for a comprehensive review of all restrictive measures imposed on Syria, in a manner that allows the national financial sector to perform its pivotal role in supporting monetary and financial stability, strengthening recovery and reconstruction efforts, and preparing the appropriate groundwork for achieving comprehensive and sustainable economic development.
Ruaa al-Jazaeri
