A Syrian bank carried out a transfer to an Italian bank in the first direct operation by the ‘Swift’ world system since the 14 -year citizen war broke out, according to Reuters News Agency reported by the Abdel Qader exclusive governor of the Central Bank of Syria today. This conversion comes about a month after US President Donald Trump announced the upliftment of international sanctions against Syria, a step in which the European Union followed, in a development that would support the country on the journey to rebuild the war that destroyed the war. Earlier this month, exclusively, the newspaper ‘Financial Times’ informed that the return of the Syrian banking system with ‘Swift’ will help encourage foreign trade and reduce import costs and facilitate export activities as it will bring the foreign currencies that the country will need strongly, and the control of money laundering will improve in international network. Syria has been cut off the world markets since 2011, when President Bashar Al -Assad violently oppressed a popular rebellion against him to expand to a civil war that swept the country. But the new President, Ahmed Al -Shara, who took over to the overthrow of Assad, was able to get a wide international support for its upcoming government to start a reform plan for the economy that includes bank laws and the banking system with the aim of creating an attractive environment for investments.
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