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SYP

   Also found in: Acronyms 0.01 sec.
SYP
The ISO 4217 currency code for the Syrian Pound.

SYP
ISO 4217 code for the Syrian pound. It was introduced after the First World War under the French Mandate. It was first pegged to the French franc, then the British pound and finally the U.S. dollar. Now, the Central Bank of Syria sets official exchange rates, but these can vary widely from the black market exchange rates. There are restrictions in place on how many pounds can leave the country at a given time. Interestingly, it is known as the pound in English, the livre in French, and the lira in Arabic.


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In 2000, the volume of trade exchange was 12,162 SYP billions with a surplus for Syria 8,284 SYP billions.
The IPO netted total subscription proceeds of SYP 7.
Perhaps, when the TRUTH is revealed the SYP can admit it and the families can take some comfort by it.
 
 
 
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