06/03/2024
🇸🇩...✨ ALGOSDG : s£.
The Sudanese Pound (Symbole: ج.س) is the currency of Sudan. The code of the Sudanese pound is SDG. The Sudanese Pound is divided into 100 piastres. SDG is regulated by Bank of Sudan.
With the independence of Sudan in 1956, a first Sudanese pound was founded, divided into 100 piastres (qirsh), to succeed the Egyptian pound, at the rate of one to one. In 1987, a 25 piastres coin was struck in nickel brass, in a square format with rounded corners, to celebrate the Central Bank of Sudan.
On January 10, 2007, a second Sudanese pound was introduced, at the rate of one new pound for one hundred dinars (or one thousand old pounds). According to the central bank of Sudan, the dinar (whose value was equivalent to the current piastre) was withdrawn from circulation six months later, on July 1, 2007.
In 2011, a third book was put in place: faced with the independence process of South Sudan and in anticipation of a significant drop in oil revenues from this region, the Sudanese economy deteriorated rapidly. Due to the rise in food prices and the poor health of state finances, the value of the Sudanese pound experienced a significant decline for several months. President Omar El-Bashir then announced on July 12, 2011, three days after the secession of the South which adopted its own currency, the establishment of an emergency program lasting three years, including in particular the replacement of the Sudanese pound for a new monetary unit. This “third Sudanese pound” was put into circulation on July 24, 2011.
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