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What is the Syria Pound?
The Syrian pound, with the ISO code of SYP, is the official currency of Syria, as issued by the Central Bank of Syria. The pound is divided into 100 qirsh.
During the Ottoman empire, the Turkish lira was the currency. After the fall of the Ottoman empire with Syria falling under French occupation, the Egyptian pound was used. The pound was introduced in 1919 and was pegged at a value of 20 French francs. In 1941, the peg to the French franc was replaced with the British pund of 8.8 Syrian pounds to 1 British pound. Six years later, in 1947, the Syrian pound was pegged to the US dollar, with a rate of 2.1 punds equal to 1 US dollar.
Understanding Syrian Currency
In 1919, the Banque de Syrie introduced banknotes of 5, 25 and 50 qirsha, 1 and 5 livres. In 1920, notes of 1 quirsh and 10, 25, 50 and 100 livres were circulated. Later in 1958, the French language was removed from Syrian notes--replaced with English. Also, additional denominations of 1, 5, 10, 25, 50, 100 and 500 pounds were introduced. In the late 1990s the lower denominations were replaced by coins.
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