The Central Bank of Syria signed an agreement with the Central Bank of the Republic of Türkiye to open an account at the Turkish central bank. The arrangement is intended to facilitate payments and financial settlements related to trade and investment and support correspondent banking relationships between the two countries. The central banks also discussed technical arrangements for withdrawing Turkish lira circulating in Syria under applicable legal and banking frameworks. Other areas of cooperation include payment system modernization, digital transformation, cybersecurity, technical knowledge sharing and capacity building. The authorities will continue coordination through a joint work program.
Central Bank of Syria2026-07-30
Central Bank of Syria signs agreement to open account at the Central Bank of the Republic of Türkiye
The Central Bank of Syria agreed to open an account at the Central Bank of the Republic of Türkiye to facilitate trade and investment payments and support correspondent banking. The authorities also discussed arrangements for withdrawing Turkish lira circulating in Syria and broader cooperation on payment systems, digitalization and cybersecurity.