Sudanese dinar
From Wikipedia, the free encyclopedia
| ISO 4217 Code | SDD |
| User(s) | Sudan except Southern Sudan |
| Inflation | 9% |
| Source | The World Factbook, 2005 est. |
| Subunit | |
| 1/100 | piastre |
| 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 |
The dinar is the currency of Sudan. Its ISO 4217 code is "SDD". The dinar replaced the Sudanese pound on June 8, 1992 at a rate of 1 dinar = 10 pounds.
Contents |
[edit] Coins
Coins in circulation
- 1, 2, 5, 10, 20, and 50 dinars
A source says that new bi-metallic 50 and 100 dinar coins were planned. However, the plan was scrubbed because of the "new pound". See below for more detail.<ref name=CoinsOfSudan>Numismatic Dimensions (May 2005). Africa - Coins of Sudan. Retrieved on 2006-07-19.</ref>
[edit] Banknotes
Banknotes in circulation
- 50, 100, 200, 500, 1000, 2000, 5000 dinars
At the time of introduction the dinar, there were also 5, 10 and 25 dinar notes. They have been withdrawn since 1 January 2000 in order to stop the "spread of disease". And old pound notes also circulated alongside with dinar notes. <ref name=CoinsOfSudan/>
[edit] New Currency in 2006
The Sudanese government is planning to replace the dinar with a new currency (called "pound" again) in 2006.
Oct 2, 2005 (KHARTOUM) — The Sudanese government will introduce a new currency during the first half of 2006, Finance Minister al-Zubeir Ahmed al-Hassan said on Sunday, urging donors to help fund the $100 million cost of implementation.
He also said he expected oil exports to earn about $7.8 billion in 2006, compared to $3.7 billion this year, as another pipeline comes on stream, increasing production by 200,000 barrels per day (bpd) to about half a million.
"The cost of introducing the (new) Sudanese pound will be about $100 million dollars," Hassan told reporters in Khartoum. "According to the peace agreement, the donor countries have promised to provide the necessary funding for the introduction of the new Sudanese pound."
He added that the timetable for the new currency depended on the donor money.
Sudan formed a new coalition government last month following a January peace deal to end the civil war in its south, which was Africa’s longest and claimed 2 million lives. The deal also envisages wealth sharing, democratic transformation and a referendum on southern secession in 6 years.
The minister said the value of the Sudanese pound would be determined by market mechanisms. The pound will replace the Sudanese dinar, which currently trades at around 209 to the U.S. dollar.
[edit] Historical Exchange Rates
Rate against US$ 1995 - 2004. (click here for historical rates)
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[edit] Reference
| Dinars | |
|---|---|
| Current | Algerian dinar | Bahraini dinar | Islamic gold dinar | Iraqi dinar | Jordanian dinar | Kuwaiti dinar | Libyan dinar | Macedonian denar | Tunisian dinar | Serbian dinar | Sudanese dinar |
| Defunct | Abu Dhabi dinar | Bosnia and Herzegovina dinar | Croatian dinar | Krajina dinar | Republika Srpska dinar | South Arabian dinar | South Yemeni dinar | Yugoslav dinar |
| As subunit | Iranian rial |
| See also | E-dinar |
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ca:Dinar sudanès de:Sudanesischer Dinar es:Dinar sudanés fr:Dinar soudanais it:Dinaro sudanese nl:Soedanese dinar sv:Sudanesisk dinar
