Turkey
Turkey digs into its gold to save the lira
Turkey’s central bank is reportedly exploring new ways to stabilize its currency as regional tensions linked to the conflict in Iran ripple through global markets.
The Syrian central bank on Thursday sent its first Swift message to the Federal Reserve Bank of New York, central bank Governor AbdulKader Husrieh told Reuters.
Syria needs to make transfers with Western financial institutions in order to bring in huge sums for reconstruction and to kick-start a war-ravaged economy © Mena Today
The Syrian central bank on Thursday sent its first Swift message to the Federal Reserve Bank of New York, central bank Governor AbdulKader Husrieh told Reuters.
"We sent (a) greeting message to all our international correspondent banks. We started with the Federal Reserve," Husrieh said. "We're telling them that ... we are back to the international financial system, and we are looking forward to long-term business relationships."
Syria needs to make transfers with Western financial institutions in order to bring in huge sums for reconstruction and to kick-start a war-ravaged economy.
Reporting By Dan Burns
Turkey’s central bank is reportedly exploring new ways to stabilize its currency as regional tensions linked to the conflict in Iran ripple through global markets.
A long-delayed economic initiative between Israel and Jordan is gaining renewed momentum, as both governments move to advance the “Jordan Gateway” project despite ongoing regional tensions.
The Israeli military struck infrastructure sites belonging to the Syrian government overnight in response to attacks against Druze civilians in Sweida, the Israeli military said on Friday.
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