Sudanese dinar

Sudanese dinar
دينار سوداني (Arabic)
ISO 4217 code SDD
Central bank Bank of Sudan
 Website www.bankofsudan.org
User(s) None
Inflation 9%
 Source The World Factbook, 2005 est.
Symbol LSd or £Sd
Coins 1, 2, 5, 10, 20 and 50 dinars
Banknotes
 Freq. used 100, 200, 500, 1,000, 2,000, 5,000, 10,000 dinars
 Rarely used 5, 10, 25, 50 dinars
This infobox shows the latest status before this currency was rendered obsolete.

The dinar was the currency of Sudan between 1992 and 2007. Its ISO 4217 code is "SDD".

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 was to have stopped circulating after a six-month transitional period. The pound and the dinar were to be accepted as legal currency side by side during the six-month period but cheques would be cashed in pounds from the commercial banks. The Bank of Sudan began distributing the new currency to commercial banks and sent consignments of banknotes to the south in 2007.[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 The lowest three denominations were withdrawn on 1 January 2000 due to a concern that well-used notes could spread disease.[2] Old pound notes also circulated alongside dinar notes.[2]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

  1. ↑ http://www.smc.sd/en/artopic.asp?artID=23360&aCK=EA
  2. 1 2 3 Numismatic Dimensions (May 2005). "Africa - Coins of Sudan". Retrieved 2006-07-19.

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 dinar
Reason: inflation and currency unification (peace treaty)
Ratio: 1 (2nd) dinar = 100 piastres
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