- The Central Bank of Syria joins the AMF’s “Buna” platform, marking a strategic milestone toward reconnecting Syria’s financial system with regional and global markets.
- The move enables Syrian banks to process cross-border payments faster, more efficiently, and at lower cost, improving banking operations and customer experience.
- “Buna” serves as a secure regional multi-currency payment system, linking central and commercial banks to strengthen financial and economic integration among Arab countries.
The Central Bank of Syria has announced its official accession to the “Buna” Regional Cross-Border Payment Platform, operated by the Arab Monetary Fund (AMF). The move is described as a pivotal step in the Syrian government’s efforts to reconnect the country’s financial system with regional and international markets after years of isolation.
Governor Abdelkader Al-Hasriyah stated that this development will enable Syrian financial institutions to execute payments in Arab and international currencies more efficiently, quickly, and at lower cost, thereby improving customer experience and enhancing the overall performance of the banking sector — particularly in the area of instant payments.
The “Buna” platform is a regional multi-currency payment system launched by the Arab Monetary Fund. It provides clearing and settlement services in Arab and international currencies for transactions between Arab countries and their global trading partners.
The platform offers a secure, fully integrated environment that connects central banks, commercial banks, and financial institutions across the Arab world, fostering stronger regional and financial integration.
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