Syria and Iran strike deal to allow bank transfers
The governments of Syria and Iran have agreed steps that will allow bank transactions between the countries, officials said on Tuesday, a move aimed at boosting trade and investment as Damascus looks to its ally Tehran to help rebuild from war.
The deal was one of several concluded during a visit to Damascus by Iranian Vice President Eshaq Jahangiri, whose country’s support has been vital to President Bashar al-Assad during the war.
Shunned by Western states that backed the opposition, Damascus is looking to countries such as Iran, Russia and China to help rebuild. But banking transactions between Syria and Iran have been affected by Western restrictions on their access to the international financial system.