Syrian Lira
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Syrian Lira
The Syrian pound or lira (; abbreviation: LS or SP in Latin alphabet, Latin, ل.س in Arabic script, Arabic, historically also Pound sign, £S, and £Syr; ISO 4217, ISO code: SYP) is the currency of Syria. It is issued by the Central Bank of Syria. The pound is nominally divided into 100 piastres ( ''qirsh,'' plural قروش ''qurūsh'' in Arabic language, Arabic, abbreviated to ), although piastre coins are no longer issued. Before 1947, the Arabic inscription of the word "qirsh" was spelled with the initial Arabic letter غ, after which the word began with ق. Until 1958, banknotes were issued with Arabic on the obverse and French on the reverse. Since 1958, English has been used on the reverses, hence the three different names for this currency. Coins used both Arabic and French until independence, then only Arabic. History French mandate During the period when Syria was a part of the Ottoman Empire, which lasted about 400 years, the Ottoman lira, Ottoman pound was i ...
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Sudanese Pound
The Sudanese pound (Arabic: ; abbreviation: LS in Latin, in Arabic, historically also £Sd; ISO code: SDG) is the currency of the Republic of the Sudan. The pound is divided into 100 piastres (or ''qirsh'' () in Arabic). It is issued by the Central Bank of Sudan. The pound fell for the first time since 1997 after the United States imposed economic sanctions on Sudan. The Sudanese pound continued its decline to an unprecedented number, falling to LS 53 against the dollar. This situation, which drained all economic measures, led to heavy losses in the external repercussions of the Sudan as a whole, in the light of the government cut, interrupted by some of the failed actions announced by the Central Bank of Sudan, a severe shortage of liquidity. The Sudanese pound fell against the US dollar after the Central Bank of Sudan announced the lifting of the cash reserve to counter inflation. Since the secession of South Sudan in 2011, Sudan has suffered from a scarcity of f ...
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Emirate Of Transjordan
The Emirate of Transjordan (), officially the Amirate of Trans-Jordan, was a British protectorate established on 11 April 1921,Hashemite Monarchs of Jordan
, "The Emirate of Transjordan was founded on April 11, 1921, and became the Hashemite Kingdom of Jordan upon formal independence from Britain in 1946"
which remained as such until achieving formal independence from Britain as the Kingdom of Transjordan in 1946. After the Ottoman defeat in World War I, the Transjordan region was administered within OETA East; after the British withdrawal in 1919, this regi ...
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Jordan
Jordan, officially the Hashemite Kingdom of Jordan, is a country in the Southern Levant region of West Asia. Jordan is bordered by Syria to the north, Iraq to the east, Saudi Arabia to the south, and Israel and the occupied Palestinian territories to the west. The Jordan River, flowing into the Dead Sea, is located along the country's western border within the Jordan Rift Valley. Jordan has a small coastline along the Red Sea in its southwest, separated by the Gulf of Aqaba from Egypt. Amman is the country's capital and List of cities in Jordan, largest city, as well as the List of largest cities in the Levant region by population, most populous city in the Levant. Inhabited by humans since the Paleolithic period, three kingdoms developed in Transjordan (region), Transjordan during the Iron Age: Ammon, Moab and Edom. In the third century BC, the Arab Nabataeans established Nabataean Kingdom, their kingdom centered in Petra. The Greco-Roman world, Greco-Roman period saw the ...
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Capital Flight
Capital flight, in economics, is the rapid flow of assets or money out of a country, due to an event of economic consequence or as the result of a political event such as regime change or economic globalization. Such events could be erratic or untrustworthy behavior by leadership, an increase in taxes on capital or capital holders or the government of the country defaulting on its debt that disturbs investors and causes them to lower their valuation of the assets in that country, or otherwise to lose confidence in its economic strength. This leads to a disappearance of wealth, and is usually accompanied by a sharp drop in the exchange rate of the affected country—depreciation in a variable exchange rate regime, or a forced devaluation in a fixed exchange rate regime. This fall is particularly damaging when the capital belongs to the people of the affected country because not only are the citizens now burdened by the loss in the economy and devaluation of their currency but ...
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Monthly Averages Of Official USD-SYP Exchange Rates
Monthly usually refers to the scheduling of something every month. It may also refer to: * ''The Monthly'' * ''Monthly Magazine'' * ''Monthly Review'' * ''PQ Monthly'' * ''Home Monthly'' * ''Trader Monthly'' * ''Overland Monthly'' * Menstruation Menstruation (also known as a period, among other colloquial terms) is the regular discharge of blood and Mucous membrane, mucosal tissue from the endometrium, inner lining of the uterus through the vagina. The menstrual cycle is characterized ...
, sometimes known as "monthly" {{disambiguation ...
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Special Drawing Rights
Special drawing rights (SDRs, code ) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). SDRs are units of account for the IMF, and not a currency ''per se''. They represent a claim to currency held by IMF member countries for which they may be exchanged. SDRs were created in 1969 to supplement a shortfall of preferred foreign exchange reserve assets, namely gold and U.S. dollars. The ISO 4217 currency code for special drawing rights is and the numeric code is ''960''. SDRs are allocated by the IMF to countries, and cannot be held or used by private parties. The number of SDRs in existence was around XDR 21.4 billion in August 2009. During the 2008 financial crisis, an additional XDR 182.6 billion was allocated to "provide liquidity to the global economic system and supplement member countries' official reserves". By October 2014, the number of SDRs in existence was XDR 204 billion. Due ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate economic stability, stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and poverty reduction, reduce poverty around the world." Established in July 1944 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary systems, international monetary system after World War II. In its early years, the IMF primarily focused on facilitating fixed exchange rates across the developed worl ...
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Free French
Free France () was a resistance government claiming to be the legitimate government of France following the dissolution of the Third French Republic, Third Republic during World War II. Led by General , Free France was established as a government-in-exile in London in June 1940 after the Fall of France to Nazi Germany. It joined the Allies of World War II, Allied nations in fighting Axis powers, Axis forces with the Free French Forces (), supported the French Resistance, resistance in German military administration in occupied France during World War II, Nazi-occupied France, known as the French Forces of the Interior, and gained strategic footholds in several French colonial empire, French colonies in Africa. Following the defeat of the Third Republic by Nazi Germany, Marshal Philippe Pétain led efforts to Armistice of 22 June 1940, negotiate an armistice and established a German puppet state known as Vichy France. Opposed to the idea of an armistice, de Gaulle fled to Brit ...
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Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ...
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Banque De Syrie Et Du Liban
The Bank of Syria and Lebanon, from 1919 to 1924 ''Banque de Syrie'', from 1924 to 1939 ''Banque de Syrie et du Grand-Liban'', then ''Banque de Syrie et du Liban'' (BSL) from 1939 to 1963, was a French bank that was carved out from the Imperial Ottoman Bank following World War I and granted a central banking role in what would become Syria and Lebanon under French mandate and in the early years of the two countries' independence. The BSL's activities in Syria were nationalized in 1956 following the Suez Crisis. In Lebanon, it was reorganized in 1963 as its central banking functions became the country's central bank, the Banque du Liban, and its commercial activity was continued as the Beirut-incorporated ''Société Nouvelle de la Banque de Syrie et du Liban'' (SNBSL). That bank came under Lebanese ownership in 1987 and was rebranded BSL Bank in 2012. History Background The Ottoman Bank opened a branch in Beirut immediately after its creation in 1856. It was reorganized ...
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French Franc
The franc (; , ; currency sign, sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in French livre, decimal form) in 1795. After two centuries of inflation, it was Redenomination, redenominated in 1960, with each (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 franc ...
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