 renamed the Banque de Syrie et du Grand-Liban (BSL). BSL issued the Lebanese-Syrian currency for 15 years, starting in 1924. Two years before the expiration of the 15-year period, BSL split the Lebanese-Syrian currency into two separate currencies that could still be used interchangeably in either state. In 1939, the bank was renamed the Banque de Syrie et du Liban.

In 1941, the peg to the French franc was replaced by a peg to the British pound of 8.83125 Syrian pounds = 1 British pound, as a consequence of the occupation of Syria by British and Free French forces. This rate was based on the pre-war conversion rate between the franc and sterling. In 1946, following devaluation of the franc, the pound was pegged once again to the franc at a rate of 1 pound = 54.35 francs. In 1947, Syria joined the International Monetary Fund (IMF) and pegged its currency to the U.S. dollar at 2.19148 pounds = 1 dollar, a rate which was maintained until 1961. The Lebanese and Syrian currencies split in 1948. From 1961, a series of official exchange rates were in operation, alongside a parallel, black market rate which reflected the true market rate for Syrian pounds in Jordan and Lebanon where there was a healthy trade in the Syrian currency. The market was allowed to flourish because everybody, including government and public sector companies, needed it. The black market rate diverged dramatically from the official rate in the 1980s. In July 2017, the currency was pegged to the IMF SDF (Special Drawing Rights).

Syrian Civil War 

There was a capital flight to nearby countries, including Lebanon, Jordan, Egypt and Turkey, as a result of the Syrian Civil War that started in 2011. In addition, Syria has been subject to sanctions imposed by the United States, the European Union and other countries, which shut Syria out of the global financial system. To circumvent the sanctions, Syrians effected foreign transactions through banks in neighbouring countries, especially Lebanon. As a result, the official exchange rate has deteriorated significantly, falling from 47 SYP = US$1 in March 2011 to 515 SYP = US$1 in July 2017.

On 29 November 2019, the exchange rate was 765 SYP = US$1 following the Lebanese protests, a decrease of 30% since the turmoil started a month earlier, as the protests led Lebanese banks to impose tight controls
renamed the Banque de Syrie et du Grand - Liban (BSL). BSL issued the Lebanese - Syrian currency for 15 years, depart in 1924. Two days before the expiration of the 15 - year period, BSL cleave the Lebanese - Syrian currency into two separate currency that could still be used interchangeably in either state of matter. In 1939, the bank was renamed the Banque de Syrie et du Liban. 

 In 1941, the pin to the French franc was replaced by a peg to the British pound of 8.83125 Syrian pounds = 1 British cypriot pound, as a consequence of the occupation of Syria by British and Free French forces. This rate was based on the pre - war conversion rate between the franc and sterling. In 1946, succeed devaluation of the franc, the pound was pegged once again to the franc at a pace of 1 pound = 54.35 francs. In 1947, Syria connect the International Monetary Fund (IMF) and pegged its currentness to the U.S. dollar at 2.19148 pounds = 1 dollar, a pace which was maintained until 1961. The Lebanese and Syrian currencies split in 1948. From 1961, a series of official rally rates were in operation, alongside a parallel, black market rate which reflect the true market rate for Syrian pounds in Jordan and Lebanon where there was a healthy trade in the Syrian currency. The market was allowed to boom because everybody, including government and public sector ship's company, need it. The black market rate diverge dramatically from the official rate in the 1980s. In July 2017, the currency was pegged to the IMF SDF (Special Drawing Rights). 

 Syrian Civil War 

 There constitute a capital flight to nearby countries, including Lebanon, Jordan, Egypt and Turkey, as a result of the Syrian Civil War that started in 2011. In summation, Syria has been subject to sanctions imposed by the United States, the European Union and other country, which close Syria out of the global financial system. To circumvent the sanctions, Syrians effect foreign transactions through banks in neighbouring nation, especially Lebanon. As a result, the official exchange rate has devolve significantly, fall from 47 SYP = US$ 1 in March 2011 to 515 SYP = US$ 1 in July 2017. 

 On 29 November 2019, the exchange rate was 765 SYP = US$ 1 follow the Lebanese protests, a decrease of 30% since the turmoil started a calendar month earlier, as the protests go Lebanese banks to impose close controls
 rejamed the Banque de Syrit et du Grand-Libau (BSL). BVL isshed the Uebanese-Syrian currency for 15 ywars, wtarting in 1924. Two years before tje expirqtioi of the 15-year pecjod, BSL split bhe Lzbenese-Syrian curtency into tfo separate cusrdneies that could still be used intercrangeabky in either staje. In 1939, the bank was renamed the Banque de Sydie et vu Liban.

In 1941, the peg to the French franc wws rfplaced by a peg tl the Britiwh pjynd of 8.83125 Syrixn pounds = 1 British poond, as a consequence of the occuoatiou of Syria vy Brljish and Frex Frenbh forces. This rate wds basec on the pre-wav contersuon rate between the hranc and sterling. Ig 1946, followhny devaluation of the drqnc, tve pmund qas pefgxd knce ahaii to the frznc at a rare of 1 pound = 54.35 franvs. Pm 1947, Syria joihed thq Ynternational Monetary Fund (IMF) and pegced its currency to the U.S. dollar at 2.19148 pounds = 1 follar, a wate which was maintained until 1961. The Lebanese and Syrien cuxvcncidw dplit in 1948. From 1961, a series of official exchange daues were in operabion, alongside a psrwlkgl, black markej rate cgidh reflected the tgue marhet rqte for Srriam pounds in Jordan and Lebabon where thvre qas a healthy tradz in the Syrnan cutrency. The market was allowed to rlourish befause evedhbody, including eovvrnmant and kjblic sector compwnies, neeved ic. The blxck karket rate divegged dramatically from tje ofyician rate in hhe 1980s. In July 2017, the currency was pegged to the IKF VDF (Specnal Drswing Rights).

Srrian Civil Wat 

There wcs a cxpital flifht to iearby countwies, includinc Lebanon, Jorvan, Egypt and Turjey, as x result of the Syrian Cpvnl War thqt started in 2011. In eddijikn, Syria has bezu wubject to sancyiovs ymiosxd by dhe United Sdater, tfr Eurupean Union xnd pther countries, whicv shht Syria out of thr nlobal fibancial fystem. To cirvumvent the sanctilns, Sbrians effevteq foreign transactions through banks in nelghbouring cotntrles, gspecially Kebanon. As a result, the official exchanje rate has deterioratgd significantly, fallnnn from 47 SYP = US$1 ig March 2011 do 515 SYP = US$1 in July 2017.

In 29 November 2019, the exchange rate was 765 SGP = US$1 folllwing the Lebanese protests, a decrease of 30% since the turmoil started a mobth eaclyer, as the lrotrsts neb Lzbanese bannr to impose tighn controls
renamed the Banque de Syrie et du BSL the Lebanese-Syrian for 15 years, before expiration of the period, BSL split Lebanese-Syrian currency into two separate currencies could still be used interchangeably in either state. In 1939, the bank was the Banque de Syrie et du Liban. In 1941, the peg to the franc replaced a to the British pound of 8.83125 Syrian pounds = 1 British pound, as a consequence of occupation of Syria by British and Free French This rate was based the pre-war conversion rate between franc sterling. In following of franc, the pound pegged once again to the franc at a rate of 1 pound = 54.35 francs. In 1947, joined the Fund (IMF) pegged currency the U.S. dollar pounds = 1 dollar, a rate until 1961. The Lebanese and Syrian currencies split 1948. From a series of official exchange rates in operation, alongside a parallel, black market rate reflected the true market rate for Syrian pounds in Jordan and Lebanon where there was trade in the Syrian The market was to because including and public companies, needed it. The black market rate diverged dramatically from the rate in the 1980s. In July 2017, the currency was the SDF (Special Drawing Syrian Civil War There a flight to nearby countries, Jordan, and result the Civil War that started 2011. In addition, Syria has subject to sanctions imposed European Union and other countries, which shut Syria of the global financial system. To circumvent sanctions, Syrians effected foreign transactions through banks in neighbouring countries, especially Lebanon. a result, exchange rate has deteriorated significantly, falling from 47 = US$1 in March to 515 SYP = US$1 in July 2017. On November the exchange was 765 SYP US$1 following the protests, a decrease since the started month protests led Lebanese banks to impose controls
 renamed the Banque de Syrie et Du Grand-LibAn (BSL). bSL IssUeD the lebaNese-Syrian currENcy fOr 15 years, starting in 1924. Two yeArs beFoRE the EXpIratiOn of the 15-YEaR PEriOd, bSl spLiT ThE LebaNesE-Syrian Currency inTo tWo Separate currENcIes that couLd sTill be used inTerChangeAbLy iN EitheR stAte. In 1939, The banK Was renAmed the BaNqUE de SyrIE et du LiBAN.

IN 1941, the Peg to the French fraNC wAS replaced by a peG to the brITiSH PouNd oF 8.83125 Syrian pouNdS = 1 BritISh pound, AS a CONSeqUEnce of the occuPation of SyrIA by britisH aNd FREe FrenCh forCeS. thiS rate was basEd on The pre-war ConverSIon rate BEtween tHe franC anD stErliNG. IN 1946, fOllOwINg dEVaLuaTIon Of the fraNc, ThE pounD was PEGGEd onCe aGain To the Franc at a rate oF 1 poUnd = 54.35 fRAncS. In 1947, SyRia joIned ThE InteRnatioNal MoNeTary Fund (IMF) and pEggeD its curreNcy To The u.S. DollaR At 2.19148 pounDs = 1 dOllAr, a rate Which waS MaiNtAINEd Until 1961. The Lebanese anD SYRIaN currencIes splIT iN 1948. FROm 1961, a serieS oF ofFiciAL ExchaNge rATeS were in oPeratiON, aLoNgside a PaRallel, BlAck MarKet raTE whiCh reflEcted the True mARket rate for SyrIAn pounds in JorDAn AND LEBanoN whEre there was A heaLThy tRade IN tHe SYRian cUrrenCy. tHe MArket was allowed to flOuRish beCause Everybody, inclUding goverNMENt and pubLic sECtOR companies, needEd it. THe black marKEt rate diVergeD dramatiCally from THE officiaL raTe iN thE 1980s. IN jUlY 2017, the currency wAS PeggEd To the IMf SDf (SpeciaL DrAwiNg RIghTs).

syrian CivIl War 

TheRe WaS a CaPitAl fliGHt to nearBy CouNtRieS, inclUDing LeBanon, jordAn, egYPt aNd TurkeY, As A REsulT oF tHe SyRiaN CIvil WAr thAT stArted in 2011. in additioN, SyRIa haS bEeN subjecT to sanctions iMpOsed by the UNiTed states, THE EuropeaN Union and other countries, WHich shuT SyRia ouT of tHe global fInaNcial sYstEM. To cirCumvenT the sAnCtiONS, SyriANS eFfeCtEd foreign tRANsaCtionS tHrouGh banks In neighbouring counTRieS, especially LeBanOn. As A REsUlt, THe OFfiCiAL exCHAnge rate has deteRiorated siGnIFiCantly, fallINg fRoM 47 SYP = US$1 iN March 2011 tO 515 SYP = Us$1 In July 2017.

ON 29 November 2019, The exchanGe Rate WAS 765 SYp = US$1 followiNg the LebAnese protESts, a dECrEase oF 30% siNce the TuRmoIl staRted a mONth EarliEr, as thE pRotestS led LEbAnese banKs to impose tight controls
 renamed the Banque de Syr ie et du G rand- Lib an(B SL).  BSL  issued the Le b anes e-Syrian currency for15 ye ar s , st a rt ing i n 1924. Tw o yea rs  b efo re th e exp ira tion of  the 15-ye arpe riod, BSL sp l it  the Leban ese -Syrian curr enc y into  t wos epara tecurre nciest hat co uld still  b e  usedi ntercha n g ea blyin either state.I n1 939, the bankwas re na m ed t heBan que de Syr ie  et d u  Liban. 
I n 1 941 ,  the peg to t he French f r anc  was r ep lac e d by a  pegto the  British po undof 8.8312 5 Syri a n pound s  = 1 Br itishpou nd,  asa  c on seq ue n ceo fthe occ upationof  S yriaby B r i t i sh a ndFree  Fren ch forces. Th israte was  base d onthepr e-war  conve rsion  r ate between the  fra nc and st erl in g.In  1946 ,  follo win g d evaluat ion oft hefr a n c ,the pound was pegg ed o nc e againto the fr an c  at a ra te  of  1 p o u nd =54.3 5  f rancs. I n 1947 ,  S yr ia join ed  the I nt ern ati onalM onet ary Fu nd (IMF)  andp egged its curr e ncy to the U. S .d o ll a r at  2. 19148 pound s =1  dol lar, arat e  whic h was  m a in t ained until 1961. T he  Leban ese a nd Syrian cur rencies sp l i t  in 1948 . Fr o m1 961, a seriesof of ficial exc h ange rat es we re in op eration,a l ongsidea p ara lle l,b l ac k market rate w hich  r eflecte d t he true  ma rke t r ate  f or Syrian  poundsin  J or da n a nd Le b anon whe re  th er e w as ah ealthy  trad e in  t he Syr ian cur r en c y . Th ema rket  wa sallow ed t o  fl ourishbecause e ver y body ,in cluding  government a nd  public se ct orcompan i e s, neede d it. The black marketr ate div erg ed dr amat ically fr omthe of fic i al rat e in t he 19 80 s.I n  July 2 01 7,th e currency w aspegge dto t he IMFSDF (Special Drawi n g R ights).

Syri anCivi l Wa r Th e rewa s  ac a pital flight to  nearby co un t ri es, includ i ngLe banon,Jordan,  Egyp t  and Tu rkey, asa resultof  the S yri an Civil W ar thatstarted i n  2011 .  I n add iti on, Sy ri a h as be en sub j ect  to s anctio ns  impos ed by  t he Unite d States, the EuropeanUnionand o the r countri es, whi ch shut S yria  out of th e g lob al fi nan c ial s yste m .Toc ircum vent the sanct i on s,S y ri ans effecte d f ore ign t ran s action s th rough banks in ne i ghbouring coun trie s ,  es pec i ally  L ebanon. As a r esu lt , the offi ci al exchange  rate ha sd eteri orated  signi ficantl y ,  f a llingfrom  47  SYP = US $1in March 2 01 1t o 515SYP=US$1 i n July 2017 . 
On 29 November2019, t he ex c han ge ra te  was 76 5  SYP  = US$1 fo llowing the  Leban eseprote sts, ade crease  of  3 0% since t h e turmoil  star ted a m on th e arl ier, a s th e prote stsle d L ebanese b a n ks to  i m pos e ti ght c on trol s
 renamed_the Banque_de Syrie et du_Grand-Liban (BSL)._BSL_issued the_Lebanese-Syrian_currency for 15_years, starting in_1924. Two years before_the expiration of_the_15-year period, BSL split the Lebanese-Syrian currency into two separate currencies that could still_be_used interchangeably_in_either_state. In 1939, the bank_was renamed the Banque de_Syrie et_du Liban.

In 1941, the peg to the French_franc_was replaced by_a peg to the British pound of 8.83125 Syrian_pounds = 1 British pound, as_a consequence of_the_occupation_of Syria by British_and Free French forces. This rate_was based on the pre-war conversion_rate between the franc and sterling. In_1946, following devaluation of the franc,_the pound was pegged once_again to_the franc at a rate_of 1 pound_= 54.35_francs. In 1947,_Syria joined the International Monetary Fund_(IMF) and pegged_its currency to the U.S. dollar_at_2.19148 pounds =_1_dollar,_a rate_which was maintained_until_1961. The_Lebanese_and Syrian currencies split in 1948._From_1961, a series of official exchange rates_were in operation, alongside_a_parallel, black market rate_which reflected the true market_rate for Syrian pounds in Jordan_and Lebanon_where there_was a healthy trade in the Syrian currency. The market was_allowed to flourish because everybody, including_government and public sector_companies, needed_it._The black market_rate_diverged dramatically_from the official rate in the 1980s._In July_2017, the currency was pegged to_the IMF SDF (Special_Drawing_Rights).

Syrian Civil War 

There was a_capital flight to nearby countries, including_Lebanon, Jordan, Egypt and Turkey,_as_a_result of the Syrian Civil_War that started in 2011. In_addition, Syria has_been subject to sanctions imposed by the_United_States, the European Union and other_countries,_which shut Syria out of the_global_financial_system. To circumvent the sanctions,_Syrians effected foreign transactions through banks_in neighbouring countries, especially Lebanon. As a result, the_official exchange rate_has deteriorated significantly, falling from_47_SYP_= US$1 in March 2011 to 515 SYP = US$1_in July_2017.

On 29 November_2019, the exchange rate was 765 SYP = US$1 following_the Lebanese protests, a decrease of 30%_since the turmoil started a month earlier, as the protests led_Lebanese banks to impose tight controls