Syrian pound

The Syrian pound (SYP) is the official currency of Syria, used to buy goods and services within the country. Its value has fluctuated significantly due to economic challenges, political instability, and sanctions, leading to high inflation. This means that the currency's purchasing power has decreased over time, making everyday items more expensive. The government often controls its exchange rate, and the currency may be traded unofficially at different rates. Despite these issues, the Syrian pound remains vital for local transactions, although many people sometimes use foreign currencies like the US dollar for larger purchases or savings.