Sudanese Pound (SDG)

Basic Concepts of the Sudanese Pound

The Sudanese Pound is the legal tender of the Republic of Sudan, with the international standardized code SDG and the symbol £ or ج. س. It is issued and managed by the Central Bank of Sudan (CBOS) and is mainly used for daily transactions and economic activities in Sudan.

Countries and regions of use

The Sudanese Pound is mainly used throughout the Republic of Sudan, including the capital city of Khartoum and other areas. Following the independence of South Sudan in 2011, the South Sudanese Pound has been used instead, so the Sudanese Pound is now restricted to Sudan.

Currency units and denominations

The Sudanese Pound uses the decimal system, with 1 Sudanese Pound equaling 100 Piastres. Currently in circulation are banknotes in denominations of 1, 2, 5, 10, 20, 50, 100, 200, and 500 Sudanese Pounds, and coins in denominations of 1, 5, 10, 20, 50 Piastres, and 1 Sudanese Pound.

Historical Background and Development

The Sudanese Pound was first introduced in 1956 to replace the Egyptian Pound, and in 2007, Sudan carried out a currency reform and issued a new version of the Sudanese Pound to replace the old currency, with the exchange rate adjusted to 1 new pound equals 100 old pounds. In recent years, the Sudanese pound has been challenged by inflation and exchange rate fluctuations due to political and economic factors.