The dinar was the currency of Sudan between June 8, 1992 and January 10, 2007. Its ISO 4217 code is "SDD". It is now replaced by the pound.
| دينار سوداني Template:Ar icon | |
|---|---|
| ISO 4217 | |
| Code | SDD |
| Unit | |
| Symbol | LSd or £Sd |
| Denominations | |
| Banknotes | |
| Freq. used | 100, 200, 500, 1,000, 2,000, 5,000, 10,000 dinars |
| Rarely used | 5, 10, 25, 50 dinars |
| Coins | 1, 2, 5, 10, 20 and 50 dinars |
| Demographics | |
| User(s) | Sudan |
| Issuance | |
| Central bank | Bank of Sudan |
| Website | www.bankofsudan.org |
| Valuation | |
| Inflation | 9% |
| Source | The World Factbook, 2005 est. |
History
The dinar replaced the first Sudanese pound (SDP) on June 8, 1992 at a rate of 1 dinar = 10 pounds. On January 10, 2007, a second Sudanese pound (SDG) was introduced at a rate of 1 pound = 100 dinars. According to the Bank of Sudan, the dinar will stop circulating after a six month transitional period. The pound and the dinar are to be accepted as legal currency side by side during the six month period but cheques are to be cashed in pounds from the commercial banks. The Bank of Sudan has started distributing the new currency to commercial banks and has sent consignments of banknotes to the south.[1] This second Sudanese pound became the only legal tender as of July 1, 2007.
Coins
Coins were minted in denominations of ¼, ½, 1, 2, 5, 10, 20 and 50 dinar (the two smallest denominations appear to have been shelved before being issued). A reduction in size took place, with the 2001-03 coins being generally smaller than the 1994-99 coins. A source[2] indicates that bi-metallic 50 and 100 dinar coins were planned but that this plan was shelved because of the introduction of the second pound. See below for more detail.
Banknotes
Banknotes were issued in denominations of 5, 10, 25, 50, 100, 200, 500, 1000, 2000 and 5000 dinars. The lowest three denominations were withdrawn on 1 January 2000 due to a concern that well-used notes could spread desease.[2] Old pound notes also circulated alongside dinar notes.[2]
Historical exchange rates
Rate against US$ 1995–2004. (click here for historical rates)
See also
References
- ^ http://www.smc.sd/en/artopic.asp?artID=23360&aCK=EA
- ^ a b c Numismatic Dimensions (2005). "Africa - Coins of Sudan". Retrieved 2006-07-19.
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External links
| Preceded by: 1st Sudanese pound Reason: inflation Ratio: 1 dinar = 10 (1st) pounds |
Currency of Northern Sudan 1992 – January, 2007 |
Succeeded by: 2nd Sudanese pound Reason: inflation and currency unification (peace treaty) Ratio: 1 (2nd) pound = 100 dinars |