About the Syrian Pound
The Syrian Pound was introduced in 1919, initially pegged to the French Franc. It has been severely impacted by the ongoing civil war and international sanctions, leading to hyperinflation and a dramatic loss of value.
The name 'Pound' is derived from the British Pound. The Arabic name, 'lira', is derived from the Roman unit of weight, the 'libra'.
Interesting Facts
A Currency in Crisis
The Syrian Pound has suffered a catastrophic loss of value due to the civil war, international sanctions, and economic collapse, leading to hyperinflation and widespread poverty.
Dual Exchange Rates
Due to the economic crisis, multiple exchange rates for the Syrian Pound exist, including official rates and significantly weaker black market rates.
Ancient Landmarks
Syrian banknotes often feature images of ancient landmarks, such as the Roman theatre at Bosra or the Umayyad Mosque in Damascus, reflecting Syria's rich historical heritage.
Historical Timeline
Syria gains independence from France.
The Syrian Civil War begins, leading to severe economic crisis and currency depreciation.
The Caesar Act, a new set of U.S. sanctions, further pressures the Syrian economy and pound.
Denominations
Banknotes
Security Features
Quick Facts
- ISO Code
- SYP
- Symbol
- £S
- Numeric Code
- 760
- Subunit
- Piastre (1/100)
- Introduced
- 1919-01-01
Central Bank
- Name
- Central Bank of Syria
- Headquarters
- Damascus, Syria
- Founded
- 1953
- Current Governor
- Mohammad Issam Hazima (since 2021)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 85.0%
Exchange Rates
What Affects the SYP Exchange Rate?
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