This study aims to identify the factors affecting the velocity of money in Syria during the period ( 1990-2010) based on the study and review of the monetary theories, and the analysis of some empirical studies that examined the velocity of money and its relation to macroeconomic variables. In addition to an econometric study focused on the relationship between the velocity of money in its narrow sense (M1) with the rate of inflation, per capita GDP, real exchange rate, financial evolution, interest rate and political instability, using ARDL methodology to test joint integration.