Activating the Central Bank of Syria’s account with the Federal Reserve Bank of New York

The Syrian Future Movement affirms its unwavering commitment to supporting economic and financial reforms that responsibly and transparently reintegrate Syria into the global financial system. This is essential for building a strong national economy based on monetary stability, attracting investment, and achieving sustainable development for the benefit of all Syrians.

The Syrian Future Movement welcomes the historic announcement by the Central Bank of Syria regarding the official reactivation of its account with the Federal Reserve Bank of New York for the first time since 2011. This step was welcomed by the US Treasury Department on March 10, 2026, which considered it a significant step towards Syria’s reintegration into the global financial system.

The Syrian Future Movement views this step, which followed intensive efforts and technical and diplomatic coordination with the US Treasury Department and the Federal Reserve Bank (including fulfilling legal and technical requirements, and participating in meetings and workshops with the team of US Special Envoy Tom Barrack), as a tangible achievement. It strengthens the management of foreign reserves, provides secure official channels for international transfers and payments, and contributes to enhancing monetary and financial stability, transparency, and institutional compliance.

The Syrian Future Movement commends the statements of the Governor of the Central Bank of Syria, Dr. Abdul Qader al-Hasri, who expressed his gratitude to the US Treasury Department and described the move as “positive and important” for rebuilding the Syrian economy. He emphasized that it will open doors to greater economic stability, investment, and development, and expressed hope that its positive effects will be directly reflected in the lives of Syrians.

The Syrian Future Movement links this achievement to the political and economic transformations following the fall of the former regime, and to efforts to lift sanctions and rebuild international confidence. It considers this a part of a broader process encompassing national strategies for financial and economic reform. The Syrian Future Movement calls for continued international cooperation to strengthen these steps, with a focus on ensuring full transparency, combating corruption, and protecting national interests in any future financial agreements.

The Syrian Future Movement calls on all national forces and transitional institutions to seize this opportunity to accelerate structural reforms in the financial sector, bolster confidence in the Syrian pound, attract foreign direct investment, and support comprehensive development that will restore prosperity to Syria and its people.

The Syrian Future Movement affirms its commitment to supporting all efforts that contribute to rebuilding a modern and independent Syrian economy based on responsible international partnerships and the supreme national interest. The Syria of the future deserves an integrated financial system that opens the doors to prosperity and stability for its generations.

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