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The Syrian Arab Republic, with a history dating back thousands of years, has experienced a devastating conflict that has had a severe impact on its economy. The conflict has led to a reliance on informal financial networks and cash transactions, as formal financial institutions have been disrupted. Digital payments are underdeveloped, and access to banking services is limited. Syria’s payment system is severely impacted by prolonged conflict and economic hardship. Cash transactions are overwhelmingly dominant, owing to the destruction of infrastructure, economic sanctions, and the ongoing instability. Access to banking services and the use of digital payment systems are severely limited.

Population

Estimated Population

18.5 million

Currency

Currency

Syrian pound (SYP)



Popular payment methods