Money is not a stock. Price go up is not a good thing, you want price of money to be stable. One way to look at it is in the terminal Ba'ath era most nations considered Syria uninvestable. Even the Russians were minimally involved as you can see. In that case, if you wanted to trade Syrian money for dollars/euros/rubles you'd have to do so at a loss because the man taking the money from you wants to immediately trade those pounds for something else. At the moment we really have no idea how this situation will play out, so things have gone from bad for everyone to risky for everyone. The other way to look at it is that Syrian markets are not efficient. In developed countries there are thousands of computers and institutions trading with each other so that every risk and change in the economy is reflected instantly. However, in the middle east only a few amateurs who sometimes behave strangely and state institutions who often fix prices because ego. I.E. Lebanon and Turkey's official currency exchange rate has nothing to do with what people will actually trade those currencies for. In Syria's case, there are so few people actually using the pound that any one wealthy individual could drive up the price with their activity. I.E. An American might be trading dollars for Syrian pounds to rebuild infrastructure and help democratize. Or some Arab oil barron might be moving money to Syria to pay Islamists. This is all idle speculation, but such “whales” are often visible by their effect on the market. On the other hand, the whale might be Refugees. Currently, Assad's enemies are moving back in and Assad's supporters. A net influx of persons into Syria means net demand for Syrian pounds as people trade foreign currencies for their native currency. Deflation might also be the answer. People are making sacrifices to move so there might be simply less demand for goods. There may also be dumping behavior as people are selling off or abandoning their possessions or businesses as the Ba'ath flees. More goods, less demand, equals more valued Syrian pound. The truth is probably some combination of all the above and you can expect great volatility in the price of all things tied to Syria.
are you crazy? it is lucky if the new chief decides to keep the existing currency. only way to make something out of the situation is to loot government assets, privatization is a fancy word.
Such exotic currency trading opportunities come once in a thousand years. So if you miss it, you have to wait for another thousand years. Meanwhile, you will be starved to death waiting ... This is unlike day trading index, precious metal ... futures where there is trading opportunities every few minutes/hours. Next question: Can digital nomads trade the Syrian Pound? Are these exotic currencies traded physically? If it is, you need to have strong muscles to carry such a heavy load to/from Syria and you have to figure out how to cross countries' boulders.
You’ve made some insightful points about Syria’s economic situation. The lack of market efficiency, government price controls, and the influence of "whales" all contribute to unpredictable currency behavior. This makes trading the Syrian pound extremely volatile. As you mentioned, the situation is complex, with multiple factors influencing the market.
The Syrian pound is one of the most volatile currencies in the world. I don't think anyone in their right mind would be willing to deal with it right now.