Syrian Pound

Syrian Pound

The Syrian pound or Syrian lira (Arabic: الليرة السورية‎ al-līra as-sūriyya; French: livre syrienne; sign: LS or £S; code: SYP) is the currency of Syria and is issued by the Central Bank of Syria. The pound is subdivided into 100 qirsh (Arabic: قرش plural: قروش, qurūsh, piastres in English or French), although coins in qirsh are no longer issued. Before 1947, the word qirsh was spelled with the initial Arabic letter غ, after which the word began with ق. Until 1958, banknotes were issued with Arabic on the obverse and French on the reverse. After 1958, English has been used on the reverses, hence the three different names for this currency. Coins used both Arabic and French until independence, then only Arabic. The standard abbreviation for the Syrian pound is SYP. On 5 December 2005, the selling rate quoted by the Commercial Bank of Syria was 48.4 SYP to the US dollar. A rate of about 50 pounds to one dollar has been usual in the early 2000s, but the exchange rate is subject to fluctuations. Since the start of the civil war in 2011, the pound's exchange rate has deteriorated significantly, falling from 47 SYP for US$1 in March 2011 to 515 SYP for US$1 in July 2017.

Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

4 Syrian Pound to Japanese Yen exchange rates chart

4 SYP to JPY exchange rates graph
4 SYP to JPY Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

4 SYP to JPY exchange rates table

Exchange SYP to JPY
4 Syrian Pound = 0.849 Japanese Yen
8 Syrian Pound = 1.698 Japanese Yen
20 Syrian Pound = 4.246 Japanese Yen
40 Syrian Pound = 8.492 Japanese Yen
Exchange Syrian Pound to Japanese Yen
4 Syrian Pound to Japanese Yen Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

4 SYP to JPY exchange rates news

Syria president announces $9bn budget for 2019

DAMASCUS: Syria’s president on Thursday announced a budget for 2019 of almost $9 billion, of which around a third has been allocated to investment projects including in areas ravaged by the war. Seven years into Syria’s grinding civil war, the Damascus government has expelled rebels and extremists from large parts of the country with Russian military backing. President Bashar

1 day conditional neutral
The Syrian Baker Who’s Bringing the Middle East’s Most Famous Ice Cream to California

Gustavo Arellano on Maher Nakhal, who hopes to make a Middle Eastern ice cream called bouza popular in Southern California.

about 2 months indicative negative
PressTV-British jets bombed Syrian forces in al-Tanf: Paper
PressTV-British jets bombed Syrian forces in al-Tanf: Paper

The Sunday Times says a British warplane dropped a 500-pound (226-killo) bomb on Syrian forces near a strategic border area, killing an army officer.

about 2 months indicative negative
Prensa Latina - Latin American News Agency

Latin American News Agency with headquarters in Havana, Cuba, since 1959. It has today correspondent offices in all continents and provide information on Latin America, the Caribbean and the rest of the world in text, image, audio and video

about 2 months indicative neutral
'Sayonara tax': Japan to charge international visitors depature fee

Leaving Japan will get a little more expensive for travellers starting this week.

8 days conditional negative
NZ dollar firms as trade talks, FOMC support global outlook - sharechat.co.nz

The New Zealand dollar rose as minutes from the Federal Reserve’s last rate-setting meeting and the conclusion of US-China trade talks left investors more confident about the global growth outlook

9 days conditional positive

4 SYP to JPY currency converter