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[BUSINESS] · Syria, United States · 42 sources

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Syria re-enters global financial system after US terror list removal

Syria is re-entering the global financial system following the United States' decision to remove the country from its list of state sponsors of terrorism, a designation held since 1979. This geopolitical shift has enabled the resumption of international digital payment services in the country.

In a symbolic demonstration of this reintegration, Syrian President Ahmed al-Sharaa performed the first live Visa transaction by paying for coffee at a shop in Old Damascus. The transaction was conducted in the presence of Central Bank Governor Mohammed Safwat Raslan. Simultaneously, Mastercard and QNB Group successfully processed the first end-to-end international Mastercard payment in Syria through QNB Syria.

These technical milestones follow a roadmap established between the Central Bank of Syria and Visa in late 2025. While the tests mark a transition from technical readiness to public service, full widespread availability of international cards across all Syrian merchants remains subject to gradual regulatory approvals and infrastructure development.

Entities

Ahmed al-Sharaa · Central Bank of Syria · Fransabank Lebanon · Mastercard · Mohammed Safwat Raslan · QNB Group · Safwat Raslan · Scott Bessent · Syria · United States · Visa

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