"The Central Bank" of Syria Discusses Developing Banking Relations with the U.S. Federal Reserve

Listen to the article. The audio text is automatically generated by a machine system.

A delegation from the Central Bank of Syria discussed with the U.S. Federal Reserve Bank in New York the practical files of the banking relationship between the two sides, primarily the cases of using the Syrian central account at the bank.

The Central Bank of Syria stated that the two sides discussed in a joint meeting at the U.S. Federal Reserve's headquarters the technical and operational aspects of utilizing the Syrian account at the bank to carry out banking operations, and the related mechanisms, which supports taking practical steps to develop the relationship between the two sides.

The two sides addressed the legal aspects related to banking operations and bilateral relations, and the delegation from the Central Bank of Syria reviewed the most significant developments and achievements at the bank and the Anti-Money Laundering and Terrorism Financing Authority, within the institutional and regulatory developments during the past phase, according to the Syrian Arab News Agency "SANA."

The Central Bank indicated that the meeting represents a step towards developing the banking relationship between the Central Bank of Syria and the Federal Reserve Bank in New York, and building on the existing channels to enhance banking cooperation.

The Syrian Minister of Finance, Mohammad Yasser Barniyah, and the Governor of the Central Bank of Syria, Safwat Raslan, participated in a roundtable meeting on Syria organized by the American Chamber of Commerce at the headquarters of "Citibank" in New York City, with the participation of representatives from several American investment, commercial, and financial companies and institutions.