Syrian Central Bank: General License No. 25 is an important step towards enabling international financing channels.

The Central Bank of Syria confirmed on Saturday that General License 25 issued by the US Department of the Treasury provides for a partial easing of some restrictive measures imposed on Syria. This serves as an important step towards enabling international financial channels and facilitating transactions with humanitarian and economic implications, in line with the fundamental principles of transparency, openness, and international financial integration. The bank expressed its anticipation that this measure will pave the way for further easing and complete lifting of sanctions, both in terms of general measures and restrictions imposed on banking institutions operating within Syria, contributing to creating a more stable and balanced economic environment. It also called for a comprehensive review of all restrictive measures imposed on Syria, allowing the national financial sector to play its pivotal role in supporting monetary and financial stability, enhancing recovery and reconstruction efforts, and creating a conducive environment for achieving comprehensive and sustainable economic development.