Sudanese pound

Infobox Currency
currency_name_in_local = جنيه سوداني ar icon
iso_code = SDG
using_countries = flag|Sudan
inflation_rate = 9%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", 2006 est.
subunit_ratio_1 = 1/100
subunit_name_1 = qirsh (piastre)
symbol =
symbol_subunit_1 =
symbol_subunit_2 =
used_coins = 1, 5, 10, 20, 50 qirush
used_banknotes = 1, 2, 5, 10, 20, 50 pounds
issuing_authority = Bank of Sudan
issuing_authority_website = www.bankofsudan.org

The Sudanese pound (Arabic: ArabDIN|جنيه سوداني "ArabDIN|junaih") is the currency of Sudan. Arabic names for the denominations appear on Sudanese coins, whilst both Arabic and English appear on the country's banknotes.

History

First pound (SDP)

The first pound to circulate in Sudan was the Egyptian pound. Both Muhammad ibn Abdalla (the Mahdi) and Abdallahi ibn Muhammad (the Khalifa) issued coins which circulated alongside the Egyptian currency. The Egyptian pound circulated until its replacement by Sudan's own pound in 1956 at par.

The pound was subdivided into 100 "qirush" (Arabic: ArabDIN|قروش, singular "qirsh", ArabDIN|قرش, English: "piastre"). During the rule of the Mahdi and Khalifa, the qirsh was subdivided into 40 "para". From 1916, the Egyptian qirsh was subdivided into 10 "millim" (ArabDIN|ملّيمات, singular: ArabDIN|ملّيم) and this was adopted in 1956 in Sudan.

The pound was replaced in 1992 by the dinar (SDD) 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.

econd pound (SDG)

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". The second pound began introduction on 9 or 10 January 2007, and became the only legal tender as of July 1, 2007.cite news | title=New Sudan currency to circulate from Jan. 10 | url=http://www.alertnet.org/thenews/newsdesk/116827209529.htm | publisher=Reuters – AlertNet | date=2007-01-08 | accessdate=2007-01-10 ] cite web | author=Bank of Sudan | url=http://www.cbos.gov.sd/currency/en/index.html | title=The new Sudanese currency | accessdate=2007-01-10 | quote=The new currency shall start circulation on January 9th.] [cite web |author=Sudan Vision Daily |date=2006-02-16 |url=http://www.sudanvisiondaily.com/modules.php?name=News&file=article&sid=10835 |title=Peace: The Presidency of the Republic: Implementation of the CPA in the Year 2005 |accessdate=2006-07-19] It replaced the dinar at a rate of 1 pound = 100 dinar.

Coins

Issues of the Mahdi and Khalifa

In 1885, the Mahdi issued silver coins for 10 and 20 qirush and gold 100 qirush. These were followed by issues of the Khalifa in denominations of 10 para, 1, 2, 2½, 4, 5, 10 and 20 qirush. These coins were initially minted in silver in 1885. Over the following eleven years, severe debasement occurred, leading to billon, then silver-washed copper and finally copper coins being issued. The coinage ceased in 1897.

First pound

In 1956, coins were introduced in denominations of 1, 2, 5 and 10 millim, 2, 5 and 10 qirush. The millim denominations were struck in bronze, whilst the qirush denominations were in cupro-nickel. The 2, 5 and 10 millim were scallop shaped, although a round 5 millim was introduced in 1971. The 1 and 2 millim were last struck in 1969. In 1983, brass 1, 2, 5, 10 and 20 qirush were introduced, with the 5 millim struck for the last time.

In 1987, aluminium-bronze 1, 5, 10, 20, 25 and 50 qirush and 1 pound were introduced, with the 25 and 50 qirush square and octagonal in shape, respectively. In 1989, stainless-steel 25 and 50 qirush and 1 pound were issued.

econd pound

Coins in denominations of 5, 10, 20 and 50 qirush were introduced alongside the circulating dinar coins. The Central Bank of Sudan states that the 5 qirush coins are yellow coloured (perhaps aluminium-bronze) and the 10 qirush is silver coloured (made of stainless steel). The 20 and 50 qirush coins are bi-metallic, with the 20 qirush yellow ringed with a silver coloured centre and the 50 qirush the opposite. There were plans for 1 qirush coins but they haven't been issued as of December 2007.

Banknotes

First pound

Coin image box 2 singles
header = 25 qirush of the first pound
image_left =

image_right =

caption_left = Obverse
caption_right = Reverse
width_left = 120
width_right = 120
position = right
margin = 0In 1956, the Sudan Currency Board introduced notes for 25 and 50 qirush, 1, 5 and 10 pounds. Note production was taken over by the Bank of Sudan in 1961. 20-pound notes were introduced in 1981, followed by 50 pounds in 1984 and 100 pounds in 1988.

Questionable new notes

In 2005, 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. [cite web |author=National Public Radio |date= |url=http://www.npr.org/templates/story/story.php?storyId=4673945 |title=Peace Also Brings New Currency to Southern Sudan |accessdate=2006-07-19]

econd pound

Banknotes for 1, 2, 5, 10, 20 and 50 pounds as banknotes are issued. As of April 2007, banknotes have only been issued in denominations of 1, 10 and 50 pounds.

ee also

* Economy of Sudan

References

External links

Standard numismatics external links
world_coin_gallery_1_url = Sudan
world_coin_gallery_1_name = Sudan
banknote_world_1_url = sudan
banknote_world_1_name = Sudan
dollarization_1_url = sd
dollarization_1_name = Sudan
gfd_1_url = The_Sudan
gfd_1_name = The Sudan
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y