Sudanese dinar

Infobox Currency
currency_name_in_local = دينار سوداني ar icon
iso_code = SDD
using_countries = Sudan except "Southern Sudan"
inflation_rate = 9%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", 2005 est.
subunit_ratio_1 = 1/100
subunit_name_1 = dirham
symbol = LSd or £Sd
used_coins = 1, 2, 5, 10, 20 and 50 dinars
frequently_used_banknotes = 50, 100, 200, 500, 1000, 2000, 5000 dinars
rarely_used_banknotes = 5, 10, 25 dinars
issuing_authority = Bank of Sudan
issuing_authority_website = www.bankofsudan.org
obsolete_notice = Y

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.

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. [http://www.smc.sd/en/artopic.asp?artID=23360&aCK=EA] . This second Sudanese pound became the only legal tender as of July 1 2007.

Coins

Coins were issued in denominations of ¼, ½, 1, 2, 5, 10, 20 and 50 dinar. A sourcecite web |author=Numismatic Dimensions |year=2005 |month=May |url=http://www.wbcc.fsnet.co.uk/af-sud.htm |title=Africa - Coins of Sudan |accessdate=2006-07-19] 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 The lowest three denominations were withdrawn on 1 January 2000 in order to "stop the spread of disease".Fact|date=February 2007 Old pound notes also circulated alongside dinar notes.

Historical exchange rates

Rate against US$ 1995 - 2004. [http://www.bankofsudan.org/english/rates/ratesyearly.html (click here for historical rates)]

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 = 5568
gfd_data_1_name = Sudan Dinar
show_gfd_excel = Y