Before 1958 Syrian Pound notes were issued with Arabic on the obverse and French on the reverse. Post 1958, English was used on the reverse, which is why there are three different names for the Syrian Pound. Hard currencies like the US Dollar, GBP or Euro cannot be purchased from banks or exchange companies and the only source of foreign currency is through the black market.
Before 1958 Syrian banknotes were issued with Arabic on one side and French on the other. From 1958 English was used instead of French which is why there are three different names for the Syrian Pound. US Dollars, Pounds and Euros can't be purchased from banks or exchange companies in Syria. The only source of foreign currency is through the black market.
After the collapse of the Ottoman Empire (circa 1919), the Ottoman Lira was replaced with the Egyptian Pound. The Egyptian Pound was used in territories under the French and British mandate. As the political landscape evolved, the French and British granted the Bank de Syrie et du Grand-Liban the right to issue a joint Lebanese-Syrian currency, starting in 1924. From 1941 the currency was pegged against the British Pound and then after World War II from 1947 to 1961 it was pegged against the US Dollar. Since 1961, there have been a series of official exchange rates as well as a black market rate.
- piastre (100)
- Central Bank of Syria