Visa transaction marks Syria’s return to global financial system as Al-Sharaa swipes card for coffee purchase

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Updated 27 August 2026
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Visa transaction marks Syria’s return to global financial system as Al-Sharaa swipes card for coffee purchase

  • US removed Syria from terror list after 47 years
  • Ready to rebuild nation, says Ahmad Al-Sharaa

RIYADH: Would that be cash or card, Mr. President?

With a simple tap on a payment machine in Damascus, President Ahmad Al-Sharaa marked Syria’s removal from the US list of state sponsors of terrorism and the Arab country’s return to the global financial system.

In a video release early on Thursday, Al-Sharaa used a Visa card to pay for coffee as he sat with Safwat Raslan, the Syrian Arab Republic’s central bank governor.

Raslan posted the video on X, stating: “To witness this moment with His Excellency President Ahmad Al-Sharaa, and for the first payment using a Visa card to take place in the heart of Damascus on the day following Syria’s removal from the list of state sponsors of terrorism, is, for me, a feeling that is difficult to put into words.”

On Monday, the US, in a historic step, removed Syria from the list after 47 years, freeing the Arab nation from the severe economic consequences of the designation.

US Treasury Secretary Scott Bessent said in a statement: “Today’s action will help foster additional investment in Syria to promote political and economic stability.”

Rebels led by Al-Sharaa overthrew long-time Syrian ruler Bashar Assad in December 2024 after a devastating 13-year civil war.

Al-Sharaa welcomed the decision, stating: “Syria shakes off a dark stain and tears away a painful chapter of its past to embark on a path of development, reconstruction and rebuilding.”