The Syrian Pound (SYP) is the official currency of Syria. It is divided into 100 piastres and is issued by the Central Bank of Syria. The currency code for the Syrian Pound is SYP and it is symbolized by "LS" or "£S".The Syrian Pound comes in the form of banknotes and coins. The banknotes come in denominations of 50, 100, 200, 500, 1000, and 5000 SYP. The coins come in denominations of 1, 5, 10, and 25 piastres, as well as 1, 2 and 5 pounds.The Syrian Pound has been subject to a significant devaluation in recent years due to the ongoing civil war and economic sanctions. The value of the Syrian Pound has declined significantly against the US dollar and other major currencies, leading to a significant increase in the cost of living in Syria. The devaluation of the Syrian Pound has also led to a rise in inflation and a decline in the purchasing power of the Syrian population.The Syrian economy has been heavily impacted by the civil war, and the country has been subject to economic sanctions by the international community. This has led to a shortage of foreign currency and a decline in trade, which has further exacerbated the economic situation in the country.The Syrian Pound is widely accepted in Syria, but it is not widely accepted internationally. Travelers to Syria may find it more convenient to bring US dollars or euros and exchange them for Syrian Pounds upon arrival.Overall, The Syrian Pound has been significantly affected by the ongoing civil war and economic sanctions, resulting in a significant devaluation of the currency, and a decline in the purchasing power of the Syrian population. The Syrian economy is facing significant challenges and the future of the Syrian pound remains uncertain.
