❗️Turkiye & Syria boost central bank cooperation to spur trade – The Cradle
❗️Turkiye & Syria boost central bank cooperation to spur trade
Turkiye and Syria are stepping up cooperation between their central banks, Trade Minister Omer Bolat said on Tuesday, noting that Syria’s central bank governor is set to meet with Turkish banking regulators.
Speaking at a business forum, Bolat said stronger banking links and the potential entry of Turkish lenders into Syria could support increased trade and industrial investment.
State-owned Ziraat Bank and private lender Aktifbank are both working to establish a presence in Syria, company officials said separately, with applications already submitted and operations expected to start in the near term.
Business leaders at the forum said that restoring banking services and addressing customs and logistics challenges would be essential to boosting bilateral trade.
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