DAMASCUS — In a major financial milestone, Syria successfully completed its first international bank transfer using the SWIFT system since the start of its civil war 14 years ago. The announcement was made on Thursday by Central Bank Governor Abdelkader Husriyeh.
Speaking to Reuters in Damascus, Husriyeh confirmed that a direct commercial transaction took place on Sunday between a Syrian bank and an Italian bank. This marks a key step toward Syria’s reintegration into the global financial system.
“The door is now open to more such transactions,” Husriyeh stated, expressing hope that this development will encourage renewed international financial cooperation with Syria. He did not reveal the names of the banks involved.
The successful use of SWIFT—a global messaging network used by banks for secure money transfers—signals a potential easing of Syria’s financial isolation. Due to years of conflict and sanctions, the country had been largely cut off from standard global banking operations.
This transfer could pave the way for smoother trade and financial dealings, especially with European partners. It also sends a signal to the international community that Syria is attempting to normalize its economic operations.
While challenges remain due to sanctions and political hurdles, Syrian officials view this transaction as a breakthrough in efforts to rebuild and reconnect the country’s economy with the outside world.