Sudanese pound
From Wikipedia, the free encyclopedia
| Sudanese pound جنيه سوداني (Arabic) |
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| ISO 4217 Code | SDG |
|---|---|
| User(s) | Sudan |
| Inflation | 9% |
| Source | The World Factbook, 2006 est. |
| Subunit | |
| 1/100 | piastre (qirsh) |
| Coins | 1, 5, 10, 20, 50 piastres |
| Banknotes | 1, 2, 5, 10, 20, 50 pounds |
| Central bank | Bank of Sudan |
| Website | www.bankofsudan.org |
The Sudanese pound (Arabic: جنيه سوداني Junaih) is the currency of Sudan.
The first pound circulated until 1992 whilst the second pound began introduction on 9 or 10 January 2007.[1] [2] Between the two pounds, the dinar circulated, worth ten of the first pounds and one hundredth of the second.
Contents |
[edit] First pound
| 25 piastres of the first pound | |
|---|---|
  |
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| Obverse | Reverse |
The first pound to circulate in Sudan was the Egyptian pound which did so until the introduction of Sudan's own pound in 1956. The two currencies were initially equivalent. The pound was subdivided into 100 piastres (Arabic: qirush, قروش, singular qirsh, قرش), each of 10 milim (مليم). The pound was replaced by the dinar at a rate of 1 dinar = 10 pounds.
While the dinar circulated in northern Sudan, in Southern Sudan, prices were still negotiated in pounds, whilst in Rumbek and Yei, the Kenyan shilling was used and accepted more within the transport sectors as well as for hotels/accommodation.
[edit] Questionable new notes
National Public Radio reported that forces in Southern Sudan were printing pound notes bearing the name "Bank of New Sudan", but there is no such bank. In addition, numbers of the banknotes had duplicate serial numbers. Their legitimacy is questionable. [3] [4]
[edit] Second pound
According to the Comprehensive Peace Agreement between the Government of the Republic of The Sudan and The Sudan People's Liberation Movement, the Central Bank of Sudan (CBOS) shall adopt a program to issue a new currency as soon as is practical during the Interim Period. The design of the new currency shall reflect the cultural diversity of Sudan. Until a new currency has been issued with the approval of the Parties on the recommendations of the CBOS, the circulating currencies in Southern Sudan shall be recognised.
On 9 January 2007, it was announced that this new currency was being introduced, replacing the dinar at a rate of 1 pound = 100 dinars.[1] [2] [5] The new pound is divided into 100 piastres or qirush and will circulate in eleven denominations - 1, 5, 10, 20 and 50 piastres as coins, and 1, 2, 5, 10, 20 and 50 pounds as banknotes.[2]
[edit] References
- ^ a b "New Sudan currency to circulate from Jan. 10", Reuters – AlertNet, 2007-01-08. Retrieved on 2007-01-10.
- ^ a b c Bank of Sudan. The new Sudanese currency. Retrieved on 2007-01-10. “The new currency shall start circulation on January 9th.”
- ^ National Public Radio (2005-05-31). Photo of some of the 200 pound notes. Retrieved on 2006-07-19.
- ^ National Public Radio (2005-05-31). Peace Also Brings New Currency to Southern Sudan. Retrieved on 2006-07-19.
- ^ Sudan Vision Daily (2006-02-16). Peace: The Presidency of the Republic: Implementation of the CPA in the Year 2005. Retrieved on 2006-07-19.
| Preceded by: Egyptian pound Reason: independence (in 1956) Ratio: at par |
Currency of Sudan 1957 – June 8, 1992 |
Succeeded by: Sudanese dinar Location: Northern Sudan Reason: inflation and currency unification (peace treaty) Ratio: 1 dinar = 10 (1st) pounds |
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| Currency of Southern Sudan 1992 – 2007 Note: see Second Sudanese Civil War |
Succeeded by: 2nd Sudanese pound Location: Southern Sudan Reason: currency unification (peace treaty) Ratio: 1 (2nd) pound = 1,000 (1st) pounds |
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| Preceded by: Sudanese dinar Location: Northern Sudan Reason: inflation and currency unification (peace treaty) Ratio: 1 (2nd) pound = 100 dinars |
Currency of Sudan 2007 – |
Succeeded by: Current |
| Preceded by: 1st Sudanese pound Location: Southern Sudan Reason: currency unification (peace treaty) Ratio: 1 (2nd) pound = 1,000 (1st) pounds |
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