Conversions
The relationship to the British pound: As the Syrian lira was historically referred to as the "pound", one might assume that there is a direct link to the British pound. In fact, although Syria was under French mandate for part of the 20th century, there is no direct link between the two currencies. Rather, the relationship is economic in nature, based on trade and investment.
The relationship with the Swiss franc: The Swiss franc often serves as a safe haven in times of economic uncertainty. For countries with political and economic challenges, such as Syria, the franc can be seen as a kind of benchmark or stabilizing force in the international monetary system.
Interaction with the euro: Relations between Syria and Europe are deeply rooted historically and culturally. The euro therefore plays an important role in the Syrian economy, whether through trade, investment or economic support from European countries. However, the exchange rate between the euro and the Syrian lira can be affected by geopolitical events and sanctions.
Relationship with the US dollar: The US dollar is the dominant reserve currency worldwide and is also of crucial importance for the Syrian economy. However, historical events, political tensions and sanctions have restricted Syria's direct access to the international dollar system, which can lead to significant fluctuations in the exchange rate.
Other major currencies: In addition to the aforementioned currencies, the Syrian lira also interacts with currencies from countries such as Russia, Iran and other regional players. These relationships are often political in nature and reflect the country's geopolitical orientation and strategic partnerships.
The Syrian lira is more than just a currency