Turkish Central Bank Signs Deposit Deal with Syria

Turkey and Syria have signed an agreement allowing for the opening of a lira-denominated deposit account in the name of the Central Bank of Syria at the Central Bank of Turkey, aimed at strengthening financial cooperation between the two countries. This comes after a meeting in Damascus between officials, and the parties are currently exploring ways to expand financial and trade cooperation efforts and support economic exchange, without revealing additional details about the implementation mechanisms or the use of the lira in commercial transactions between them.

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