Syria Says U.S. Law Repeal Clears Path for Global Banking

The governor of Syria's Central Bank says the removal of major U.S. sanctions is a critical step for the country's return to the world financial system. Governor Abdulkader Husrieh stated that repealing the "Caesar Act" removes a key legal barrier. He made the comments in a post on his official Facebook page. Specifically, he said the change will help Syria seek a sovereign credit rating. This rating is essential for a country to borrow money internationally. The U.S. Caesar Act imposed severe economic sanctions on Syria. Its repeal would mark a major shift in Syria's financial isolation.