Sudanese dinar
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| Sudanese dinar دينار سوداني (Arabic) |
|
| ISO 4217 Code | SDD |
|---|---|
| User(s) | Sudan except Southern Sudan |
| Inflation | 9% |
| Source | The World Factbook, 2005 est. |
| Subunit | |
| 1/100 | dirham |
| Symbol | LSd or £Sd |
| Coins | 1, 2, 5, 10, 20 and 50 dinars |
| Banknotes | |
| Freq. used | 50, 100, 200, 500, 1000, 2000, 5000 dinars |
| Rarely used | 5, 10, 25 dinars |
| Central bank | Bank of Sudan |
| Website | www.bankofsudan.org |
| This infobox shows the latest status before this currency was rendered obsolete. | |
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.
Contents |
[edit] 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.
[edit] Coins
Coins were issued in denominations of ¼, ½, 1, 2, 5, 10, 20 and 50 dinar. 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.
[edit] 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 The lowest three denominations were withdrawn on 1 January 2000 in order to "stop the spread of disease".[citation needed] Old pound notes also circulated alongside dinar notes.[2]
[edit] Historical exchange rates
Rate against US$ 1995 - 2004. (click here for historical rates)
[edit] See also
[edit] References
- ^ http://www.smc.sd/en/artopic.asp?artID=23360&aCK=EA
- ^ a b Numismatic Dimensions (May 2005). Africa - Coins of Sudan. Retrieved on 2006-07-19.
[edit] External links
- Don's World Coin Gallery - Sudan
- Ron Wise's World Paper Money - Sudan Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Sudan Mirror site
- The Global History of Currencies - The Sudan
- Global Financial Data data series - Sudan Dinar
- Global Financial Data currency histories table (
Microsoft Excel format)
| 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 |
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