Syrian Pound

Syrian Pound

Syrian Pound overview

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.

1 SYP to USD exchange rates chart

SYP to  exchange rates chart

Syrian Pound 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
Iraqi F-16 jets pound IS logistical targets in Syria

Iraqi F-16 warplanes shelled Islamic State (IS) targets south of al-Dashisha area in Syria, the Iraqi military announced on Monday.

about 2 months indicative neutral
U.N. demands Syria ceasefire as air strikes pound rebel areas

The United Nations called on Tuesday for an immediate humanitarian ceasefire in Syria of at least a month, as heavy air strikes were reported to have killed scores of people in the last major rebel stronghold near Damascus.

about 2 months conditional negative
Understanding Market Drivers inside Syria, January 2018 - Syrian Arab Republic

English Analysis on Syrian Arab Republic about Agriculture, Recovery and Reconstruction, IDPs and Refugees; published on 31 Jan 2018 by DFID

about 2 months conditional neutral
Syrian and Russian warplanes pound Idlib before talks

Half of Idlib's 3 million residents have already fled, according to the UN, and any offensive there threatens additional displacement and human misery

about 2 months conditional negative
Falling lira hits Syrian enclave backed by Turkey

In a part of northern Syria that Turkey's army helped rebels capture in 2016, the plunge in value of the Turkish lira has hit shopkeepers, medical charities and fighters paid in the currency hard.

about 2 months indicative neutral

SYP currency converter