Syria reinstates credit card payments as part of economic revival efforts

Syria Reinstates Credit Card Payments Amid Efforts to Reintegrate into Global Economy

Syria has authorized banks to process transactions using Visa and Mastercard credit cards as part of its efforts to reestablish connections with the global economy.

The European Union has agreed to restore trade relations with Syria, paving the way for increased economic cooperation between the two parties. However, Syria continues to seek removal from the US list of “state sponsors of terrorism”.

As a result of this agreement, Syrian banks will be able to work with major credit card networks, enabling citizens and businesses to make transactions using these cards.

The move is seen as an important step towards reestablishing Syria’s economic ties with the international community. The country has been subject to various economic sanctions in recent years, which have limited its ability to engage with the global economy.

Syria’s efforts to rejoin the global economy are ongoing, and the country continues to seek removal from the US list of state sponsors of terrorism. The EU’s agreement to restore trade relations with Syria is a significant development in this regard.

Further details on the terms of the agreement between Syria and the EU have not been released. However, the move is expected to have a positive impact on Syria’s economy and its relationships with other countries.

Source: Al Jazeera