NGN to SYP - Naira USD

Convert NGN to SYP

NGN to SYP Comparison Table

Feature	NGN (Nigerian Naira)	SYP (Syrian Pound)
Currency Code	NGN	SYP
Symbol	₦	ل.س
Issuing Authority	Central Bank of Nigeria	Central Bank of Syria
Economic Strength	Developing, resource-based economy	War-torn economy
Exchange Rate Volatility	High	Extremely volatile
Popular Use Cases	Domestic transactions, remittances	Domestic transactions
Digital Payment Adoption	Growing adoption, mobile money prominent	Limited digital payment infrastructure
Inflation Rate	Historically high	Extremely high
Interest Rates	High	High
Foreign Exchange Reserves	Moderate	Low
Foreign Direct Investment (FDI)	Increasing, resource-focused	Limited

NGN to SYP Comparison Table

Both NGN and SYP are currencies of developing economies facing significant economic challenges.
High inflation rates are a common issue for both countries, with Syria experiencing hyperinflation.
The Syrian Pound has experienced extreme volatility due to the country’s ongoing conflict and economic crisis.
Both countries have limited digital payment infrastructure.

African Currencies	Asian Currencies
NGN to DZD NGN to BIF NGN to CDF NGN to GNF	NGN to SGD NGN to SEK NGN to SYP NGN to THB

European Currencies	South America Currencies
NGN to GBP NGN to GEL NGN to GHS NGN to HRK	NGN to ARS NGN to BOB NGN to BRL NGN to CLP

Hyperinflation: One of the most significant challenges facing the Syrian Pound is hyperinflation, which has eroded its value dramatically.
Political Instability: The Syrian Civil War has had a devastating impact on the economy, leading to a collapse in the value of the Pound.
Black Market: A thriving black market for foreign currencies has emerged as people seek to protect their savings from the rapidly depreciating Pound.
Limited Functionality: The Pound’s value has become so low that it has limited practical use in everyday transactions.
Subdivisions: The Syrian Pound is divided into 100 piasters.
Humanitarian Crisis: The ongoing humanitarian crisis in Syria has exacerbated the economic situation and put further pressure on the Pound.
Dollarization: Due to the severe depreciation of the Pound, many Syrians have turned to the US Dollar as a store of value, leading to dollarization of the economy.