Governor of Central Bank of Syria: Jordanian Banks Submit Investment Requests for Syria

Governor of the Central Bank of Syria Safwan Rouslan said on Thursday that Jordanian banks have submitted requests to invest in the Syrian market, while Jordanian banks currently operating in Syria are seeking to increase their investments, according to the Jordanian "Al-Mamlaka" channel.

Rouslan clarified during the opening of the second edition of the Jordan Fintech Festival in the Dead Sea that the coming period may witness further engagement of global banking institutions directly in the Syrian market.

Return of "MoneyGram" and Transfers Between Syria and Jordan
Rouslan pointed to the return of "MoneyGram" services between Jordanian banks and Syrian banks through one of the Jordanian banks, confirming the existence of current transfers between both sides.

Regarding the "SWIFT" system, the Central Bank Governor stated that its activation for bank transfers in Syria requires compliance with international standards and requirements related to anti-money laundering and counter-terrorism financing.

He added that developing financial technology can contribute to expanding financial inclusion and providing systematic and reliable electronic channels, noting that electronic payment and transfer systems represent one of the pillars of rebuilding and modernizing the banking sector.

He affirmed that Syria seeks to build a banking model suitable for the phase of sector reconstruction, providing space for investment and innovation in financial technology.

Rouslan's statements come amid ongoing steps to reconnect the Syrian banking sector with the regional and international financial system.

The Central Bank of Syria had previously confirmed the restoration of connection to the "SWIFT" network, alongside efforts to expand relations between Syrian banks and correspondent banks abroad.