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Interview

Syria’s central bank chief: US sanctions relief a ‘turning point’ 

Abdulkader Husrieh discusses how sanctions relief could impact Syria’s reintegration into the global financial system.

People queue outside the main headquarters of the Central Bank of Syria to exchange US dollars at prices lower than the black market, in Damascus on December 30, 2024. (Photo by ANWAR AMRO / AFP) (Photo by ANWAR AMRO/AFP via Getty Images)
People queue outside the main headquarters of the Central Bank of Syria to exchange US dollars at prices lower than the black market, in Damascus on December 30, 2024. — ANWAR AMRO/AFP via Getty Images

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DOHA, Qatar — If President Donald Trump follows through on his pledge to lift sanctions on Syria, it will mark a "turning point" for the country's beleaguered central bank, its governor told Al-Monitor. 

Trump made a surprise announcement on Tuesday night in Riyadh that he would rescind the web of US sanctions that has isolated the country from the global financial system for more than a decade. The next day, he met with Ahmed al-Sharaa, the new Syrian president who led the lightning offensive that toppled the regime of longtime dictator President Bashar al-Assad in December. 

The removal of sanctions gives Syria “a chance for greatness,” Trump told a gathering of Gulf Cooperation Council leaders in the Saudi capital Wednesday. 

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