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  • As per RBI norms, the GST is applicable as per travellers.
  • This amount is calculated considering one traveller. You can further add/edit travellers in preconfirmation page which can impact the total amount.
  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
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    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
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  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C (1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
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Syrian Pound (SYP) - Currency of Syria

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Buy, Sell or Transfer Syrian Pound (SYP) in India at the best exchange rates

About Syrian Pound (SYP)

The official Syrian currency is called the Syrian Pound and issuance power lies in the hands of Central Bank of Syria. 100 qirsh make one Syrian Pound. The Syrian Pound is also called as Lira and is symbolically represented as LS or £S. The standard abbreviation for the Syria currency is SYP. Since the start of the civil war in 2011, the Syrian Pound rate has been increasingly deteriorating

Everything You Need To Know About The Syrian Currency

    1. During the Ottoman Empire, nearly 400 years ago, the currency in circulation was called the Turkish Lira.
    2. From 1947 to 1961 the Syria currency was pegged to the https://www.thomascook.in/foreign-exchange/us-dollar. However, it is currently not pegged to any international currency.
    3. The most often used coins are 1 Pound, 2 Pounds, 5 Pounds, 10 Pounds, and 25 Pounds.
    4. The most frequently used banknotes include 5 Pounds, 10 Pounds, 25 Pounds, 50 Pounds, 100 Pounds, 200 Pounds, 500 Pounds, 1000 Pounds.

History Of the Syrian Pound (SYP)

The Syrian Pound (SYP) is the official currency of Syria, which has a long and rather complex history. It has undergone several changes since its introduction, and its value has fluctuated over the years. Here is a brief history of the Syrian Pound.

The Syrian Pound was first introduced in 1919 when Syria was a French mandate. At that time, the currency was pegged to the French Franc. After the end of French rule in 1946, the Syrian government continued to maintain the peg with the French Franc, which remained in place until the early 1950s.

In 1950, the Syrian government abandoned the peg to the French Franc and pegged the Syrian Pound to the US Dollar instead. This decision was made in response to the Bretton Woods agreement, which established the US Dollar as the world's reserve currency. The peg to the US Dollar remained in place until the early 1970s.

In the early 1970s, Syria shifted its currency peg again, this time to the International Monetary Fund's Special Drawing Rights (SDR). The SDR is an international reserve asset created by the IMF in 1969, and it is composed of a basket of currencies, including the US Dollar, Euro, Japanese Yen, British Pound, and Chinese Yuan.

In 1978, Syria once again abandoned the SDR peg and switched back to the US Dollar. However, in the late 1990s, the Syrian Pound began to devalue rapidly against the Dollar, and the government was forced to introduce capital controls to prevent the outflow of foreign currency.

The Syrian Pound's value remained relatively stable throughout the 2000s, but the outbreak of civil war in 2011 caused a sharp decline in the currency's value. In 2011, the Syrian Pound was trading at around 50 SYP to the US Dollar. By 2015, the currency had fallen to around 300 SYP to the Dollar. As of 2023, the Syrian Pound remains heavily devalued, with a rate of approximately 2,512.53 SYP to the US Dollar.

Factors affecting the Syrian Pound (SYP)

The value of the Syrian Pound has been greatly affected by the ongoing conflict in the country. In recent years, the Syrian Pound has undergone a significant depreciation, which has negatively impacted the economy of Syria and the standard of living of its citizens. Let us look at the factors affecting the Syrian Pound and their impact on the economy of Syria.

1. Political instability

The Syrian Pound has been greatly affected by the ongoing civil war in Syria, which has led to a great deal of political instability. This instability has caused a loss of confidence in the Syrian economy, leading to a decrease in demand for the Syrian Pound and a subsequent decrease in its value.

2. Economic sanctions

The imposition of economic sanctions by the United States and the European Union on Syria has restricted Syria's ability to import essential goods and services, leading to a decrease in demand for the Syrian Pound and a subsequent decrease in its value.

3. Inflation

High inflation rates in Syria have also contributed to the depreciation of the Syrian Pound. As the value of the Syrian Pound decreases, the cost of living in Syria increases, leading to a decrease in the purchasing power of its citizens.

4. Dependency on oil

Syria's economy is heavily dependent on its oil exports, and the decline in oil prices has impacted the rate of the Syrian Pound. As the price of oil decreases, the revenue generated from oil exports decreases, leading to a decrease in demand for the Syrian Pound and a subsequent decrease in its value.

5. Lack of foreign investment

The ongoing conflict in Syria has led to a decrease in foreign investment in the country. Without foreign investment, the Syrian economy is unable to generate revenue, leading to a decrease in demand for the Syrian Pound and a subsequent decrease in its value.

Quick Facts About Syrian Pound (SYP)

Currency Name Syrian Pound
Short Name SYP
Nicknames Stutz, Stei, Eier, Chuffs
Symbol (s) £
Unit 1/100, piastre
Frequently Used Coins 1 pound, 2 pounds, 5 pounds, 10 pounds, 25 pounds
Rarely Used Coins NA
Frequently Used Bank Notes 5 pounds, 10 pounds, 25 pounds, 50 pounds, 100 pounds, 200 pounds, 500 pounds, 1000 pounds
Rarely Used Bank Notes NA
Central Bank, Name & Website Central Bank of Syria | www.banquecentrale.gov.sy
Territories that use the currency as a part of their legal tender NA

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The Syrian Pound Currency

The currency is in the subdivision of 100 piastres. The Central Bank of Syria possesses the rights to issue the currency in the country. The currency coins that are currently in circulation within the country are pounds 1, 2, 5, 10 and 25.
Likewise, the currency bank notes that are currently under circulation within the country are pounds 5, 10, 25, 50, 100, 200, 500 and 1000.

How to buy forex in India?
Thomas Cook provides the best currency rates across India. We allow you to buy your desired foreign exchange at the touch of a button. To buy forex online, visit the Thomas Cook website, enter the required details, and within 24 hours our experts will home-deliver your foreign exchange currency.
Alternatively, you can visit the nearest Thomas Cook branch and our forex experts will be there to assist you, ensuring a smooth and effortless transaction.
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Frequently Asked Questions

Is the Syrian Pound available for purchase?
Yes, we do sell Syrian Pound, and if you wish to purchase the same, then you can either visit the nearest Thomas Cook centre or book forex online via our website.
Can I take travellers cheques to Syria?
Travellers cheques are not accepted by the vendors or banks and you might end up having a hard time while you are visiting the country. We suggest you exchange to Syrian Pound beforehand to avoid any kind of inconvenience.
Are there any currency regulations to consider for carrying a specific amount of money in/out Syria?
You may carry up to USD5000, or foreign currency equivalent, in and out of https://www.thomascook.in/international-tourism/syria-tourism. However, in case the amount you are carrying exceeds the given limit, then you must declare the same. To ensure you have the right knowhow on the regulations, please get in touch with one of our representatives.
Is Syria stringent on its currency regulations?
Please get in touch with our experts to get the appropriate information pertaining to the regulations. They will assist you with utmost clarity.
Is USD accepted in Syria?
It is advisable to keep the Syrian Pound handy, and we suggest that you have them exchanged before you land in the country.

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