A Comprehensive Guide to the Syrian Lira and Its Economic History

The Syrian Lira has a long and complex history, with its value fluctuating significantly over the years. The Syrian Lira was first introduced in 1947, replacing the Syrian Pound.

In 1961, Syria merged with Egypt to form the United Arab Republic, and the Syrian Lira became the official currency. This union lasted until 1961 when Syria withdrew and the Lira became the sole currency.

The Syrian Lira has undergone several revaluations, with the most significant one being in 1991, when the currency was pegged to the US dollar.

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The Syrian lira has had its fair share of fluctuations in value against the US dollar. The highest exchange rate in the last year was 0.00007858 US Dollars per Syrian Pound on January 16, 2024.

The lowest exchange rate in the last year was 0.00007603 US Dollars per Syrian Pound on September 9, 2024. This significant drop in value may have caused concern for those who rely on the Syrian lira for financial transactions.

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To give you a better idea of the SYP to USD exchange rate, here are the high and low points for the last 30 and 90 days:

The overall change in the SYP to USD exchange rate over the last 30 days was -0.55%, while the total change for the last 90 days was -0.56%. This means that the value of the Syrian lira against the US dollar has decreased slightly over the past few months.

If you need to convert a specific amount of Syrian Pounds to US Dollars, you can use the current exchange rate. For example, as of January 16, 2025, 100 Syrian Pounds is equivalent to 0.007706 US Dollars.

For another approach, see: 100 Dollar to Syrian Lira

The Syrian lira's collapse began in 2011, following the country's great suffering. The lira was greatly affected by the country's political events.

Its value declined significantly, making the dollar equivalent to 46.5 Syrian lira in 2010. This number would soon become a distant memory.

The Syrian lira's collapse continued, with its value declining more than 50 times against the US dollar. This massive collapse was a major concern for Syrians.

By 2012, the US dollar value reached more than 80 Syrian lira. The situation only got worse from there.

In 2013, the exchange rate of the dollar against the Syrian lira reached over 300 Syrian lira. This was a shocking number for the Syrian people.

The Syrian lira continued to deteriorate, with the exchange rate reaching more than 490 lira in 2015. The dollar price exceeded 535 Syrian lira in 2016.

The series of collapses reached its peak in 2020, when the United States dollar reached almost 2,600 Syrian lira. This was a tragic event for the Syrian people and their economy.

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The Syrian lira has had its fair share of fluctuations in the exchange rate over the past year. The highest SYP to USD exchange rate in the last year was 0.00007858 US Dollars per Syrian Pound on January 16, 2024.

The lowest point for the SYP/USD rate was 0.00007603 US Dollars per Syrian Pound on September 9, 2024. This shows a significant difference in the exchange rate over the past year.

Here are some key statistics on the SYP to USD exchange rate over the past 30 and 90 days:

The volatility in the exchange rate over the past 30 and 90 days was -0.55% and -0.56%, respectively.

The Syrian lira (SYP) exchange rate can be quite volatile, but what exactly does that mean? The SYP to USD exchange rate has had a high of $0.0000776250 in the last 30 days.

One thing to note is that the SYP to USD exchange rate has been relatively stable in the last 90 days, with a low of $0.0000768555.

The average SYP to USD exchange rate over the last 30 days is $0.0000772622.

The SYP to USD exchange rate has fluctuated significantly over the last 90 days, with a high of $0.0000779298 and a low of $0.0000768555.

Here's a summary of the SYP to USD exchange rate over the last 30 and 90 days:

The SYP to USD exchange rate has had an overall change of -0.55% in the last 30 days, and -0.56% in the last 90 days.

The Syrian lira has been in a state of collapse since 2011, with its value plummeting to its lowest exchange rate against the US dollar in history, reaching 712 SYP per USD.

The government and Central Bank of Syria attempted to control the exchange rate two months ago, but it continued to deteriorate, with the pound's exchange rate dropping from around 634 SYP per USD to 680 SYP in early November.

The sharp decline in the exchange rate has led to a rise in all prices of goods, as traders tried to compensate for the decrease in the value of the SYP by raising prices, making it difficult for people to afford basic necessities.

The former Minister of Economy and Trade, Nidal al-Shaar, warned that the rise in prices will lead to a lower aggregate demand for goods and products, followed by the stoppage of production due to poor capacity to discharge goods in the market.

The Syrian pound's value is expected to recover if the political, social, and economic situation in Syria is stabilized, allowing it to regain its real value against other currencies.

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The Syrian lira has been struggling for over a decade, with its value plummeting against the US dollar since 2011.

The current exchange rate is a staggering 712 SYP per USD, a historic low that has left many Syrians worried about the future of their economy.

The value of the Syrian Pound has been in free fall, deteriorating significantly from 634 SYP per USD in early November to 680 SYP against the US dollar, and now to 712 for sale.

The Syrian government and the Central Bank of Syria have made no official announcements to explain the reason behind this decline, leaving many in the dark.

The Lira Support Initiative, launched in an attempt to stabilize the exchange rate, has been criticized by some for making it harder for traders to import goods, leading to a rise in prices.

Traders are now being forced to deposit 10% of the value of their import permits in US dollars, which has led to a decrease in the value of the SYP as they try to compensate by raising prices.

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The former Minister of Economy and Trade, Nidal al-Shaar, has warned that the rise in exchange rate will lead to a rise in all prices of goods, causing a vicious circle of growing prices and reduced demand.

The Syrian pound's value against the US dollar has been linked to the US dollar since the 1960s, with a fixed exchange value introduced in 1964 and later adjusted to 3.65 liras in 1989.

The current gold prices in Syria are a significant concern, with the 21-karat gram of gold reaching an unprecedented level of 156,000 lira.

This is largely due to the economic crisis in Syria, which has caused the currency to fall significantly against gold. The exchange rate fluctuation of the dollar has a direct impact on the price of precious metals, and with the dollar's value rising historically, the prices of gold have followed suit.

The global market also plays a role in the rising prices of gold, but the economic crisis in Syria has exacerbated the situation, leading to the current record-high prices.