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LOCAL CURRENCY IN SYRIA

Need to know how much is your money worth in Syria? The currency used in Syria is called Pound.

The Syrian Pound is issued and managed by the Central Bank of Syria. To find out the current currency exchange rates for Pound to other major currencies of the world, click on foreign currency rates.

Syrian Currency Information
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The currency used in Syria is called as the Pound. This currency is denoted with the currency sign and the ISO 4217 Code for the Syrian Pound is SYP. The Pound, is the official currency of the Syria . It is divided into 100 smaller units called piastre.

The constitution of Syria provides that the Syria government shall have the power to print the Syrian Pound and piastre coins to be used as a legal tender in Syria. The Syrian Pound bank notes and Piastre coins are both designated as "legal tender" in payment of debts.

The Syrian Pound bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Syrian Pound.

Currently printed bank notes denominations are 50, 100, 200, 500, 1000 pounds and the coins are minted in the denominations of 1, 2, 5, 10, 25 pounds .

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How Does Balance of Trade and Investment Affect the Value of the Syrian Pound
Financial analysts regularly cite the balance of trade and investment in Syria as the most important influence on the value of the Pound. The difference between what the Syria exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Pound exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Pound exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Syrian Pound.
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