Syrian Pound


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Syrian Pound

The currency of Syria. It was introduced after World War I 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. It is known as the pound in English, the livre in French, and the lira in Arabic.
References in periodicals archive ?
They say the health ministry forces them not to charge more than 700 Syrian pounds ($1,2) as clinic fee.
Despite this dilemma, the Turkish pound remains considerably more stable than its Syrian counterpart, which is why Aleppine businessmen convert their money from the Syrian pound to foreign currencies more or less on a nightly basis to limit their overall losses.
The combined consolidated assets of all six banks in Syrian pounds were 6.
The meeting reached to a number of decisions and measures that will help put an end to the drop in the value of Syrian pound against foreign currencies and boost a gradual return to keep the price of the exchange stable.
The cheap Syrian pound has even allowed some firms to export products to Iraq.
Last May, Syrian expatriates in various countries all over the world launched "The Syrian Phoenix"campaign to support the Syrian pound and to express solidarity with the homeland.
The Syrian Pound was then linked to the International Monetary Fund's (IMF) special drawing rights (SDR) basket, consisted of 44% Euro, 34% US$, and 11% of British Pound and Japanese Yen each.
Wireless communication devices, a Thuraya satellite mobile phone and amounts of money in the Syrian Pound and the Dollar were also found inside the store, in addition to a number of extremism-promoting books and CDs.
Before the uprising in Syria erupted in March 2011, the exchange rate of the Syrian pound was as low as 50 to the U.
The Syrian pound fell almost 20 per cent against the dollar immediately after economic sanctions were imposed on the Syrian regime this week.
Samaer Rebatah, one of the group's members, told SANA that the group will work to coordinate among industry, trade, and agriculture sectors and will organize projects to revitalize national economy and support the Syrian Pound.
They want to minimize the impact on the Syrian pound by reducing the liquidity in the market, but this is not sustainable in the long term," Mehchy said.