Syria restores credit card payments in effort to rejoin the global economy
Summary
Syria has allowed its banks to work again with Visa and Mastercard to accept credit card payments. This move is part of Syria’s attempt to reconnect with the global economy. The European Union has also agreed to improve trade relations with Syria, but Syria continues to ask the United States to remove it from a special terrorism list.Key Facts
- Syrian banks can now use Visa and Mastercard for payments.
- This change helps Syria rejoin the global economy.
- The European Union is restoring stronger trade ties with Syria.
- Syria wants the US to remove it from the "state sponsors of terrorism" list.
- Being on this list restricts Syria’s trade and financial activities internationally.
- The restoration of credit card payments is a significant step toward normal economic relations.
- Syria is working to improve its international economic connections.
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