📰 Central Bank Governor: U.S. Delegation to Oversee Launch of Syria’s New Currency

syria’s Central Bank Governor, Abdul Qader Husrieh, has unveiled plans to replace the country’s existing banknotes under the supervision of a specialised U. Furthermore, s. delegation, marking a significant milestone in efforts to stabilise the national economy and restore confidence in the syrian/" class="auto-internal-link">syrian pound. In an exclusive interview with Al-Ikhbariya during a high-level visit to the United States, Husrieh — joined by Finance minister Muhammad Yasser Barniya — stated the initiative was part of a wider strategy to modernise Syria’s financial system. Notably, the delegation attended nearly 60 meetings during the annual sessions of the International Monetary Fund (IMF) and World Bank, building on foundations laid at April’s spring meetings. Additionally, the meetings included engagements with the U. S.

Treasury Department, the Federal Reserve, American consultancy firms, the U. In fact, s. Chamber of Commerce, and financial giants such as Visa, Mastercard, and Citibank. Husrieh described an “unprecedented interest” in Syria’s reconstruction, calling the backing “unique” among post-crisis states over the past quarter-century. On 17 October, he met with Visa’s Global Markets CEO, Oliver Jenkyn, to explore the company’s potential entry into the Syrian market — a development he stated reflects warming international financial ties in the wake of U. S. sanctions relief.

Additionally, global Integration and Institutional Reform The talks in Washington, Husrieh explained, are integral to Syria’s broader recovery strategy. They aim to backing Central Bank reforms and reintegrate the Syrian financial system into global markets. The outcomes, he said, include substantial commitments to institutional development and technical aid across multiple domains, helping align Syria’s operations with international standards. Additionally, one landmark agreement focuses on regulating digital currencies in Syria — described by Husrieh as a “vital evolution” — as part of an overarching vision to transform the financial sector. He emphasised that daily efforts are now directed at freeing Syria’s banking institutions from more than five decades of isolation, neglect, and sanctions — constraints that continue to impact citizens’ daily lives. A U.

S. delegation specialising in payment systems is scheduled to visit Syria in mid-November to assess infrastructure and recommend improvements. Further missions will support financial sector reform and capacity building, forming a layered programme of aid. Supporting the Syrian Diaspora Looking to future visits, Husrieh highlighted the need to prioritise financial and trade links between Syria and the United States. Central to these discussions is the potential reactivation of Syria’s account at the emerging York Federal Reserve — a move he described as transformative, potentially opening up…