The Bangko Sentral ng Pilipinas (BSP) on Friday announced the closing of Syrian pound (SYP) currency exchange facility (CEF), noting that no SYP to peso conversion shall be accepted starting January 25.

“Starting 25 January 2014, the BSP Cash Department, regional offices/branches and AABs [authorized agent banks] shall no longer accept SYP for conversion to pesos,” the BSP said in a statement.

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