The Saudi and Syrian Central Banks Discuss Enhancing Financial and Banking Cooperation
The Governor of the Saudi Central Bank, Ayman bin Mohammed Al-Sayari, and his counterpart, the Governor of the Central Bank of Syria, Abdul Qadir Al-Hosari, discussed ways to enhance bilateral cooperation in the financial and banking services sector during a meeting held on the sidelines of the “Money 20/20 Middle East” conference in the capital, Riyadh.
The discussions focused on several key areas, where both sides discussed "technical and training support from the Saudi Central Bank to Syria in banking supervision, financial technology, payments, and monetary policy." The meeting also addressed "cooperation in organizing transfer operations and enhancing regulatory measures in the financial sector."
Both parties agreed on "continuing communication and future bilateral visits" to enhance the prospects of cooperation between the two countries.
In a related context, Abdul Qadir Al-Hosari held a series of bilateral meetings with senior officials from several Saudi banks, during which areas of joint cooperation with the Saudi banking sector were discussed.
This meeting comes within the framework of the bilateral cooperation agreement signed by Syria and Saudi Arabia in the capital, Riyadh, last August, which aimed to "encourage and protect investment, expand the base of joint economic cooperation, and facilitate the movement of capital between the two countries," paving the way for further economic and financial partnership.
