Sudanese pound

Sudanese pound
جنيه سوداني (Arabic)
Current coins
ISO 4217
Code	SDG
Denominations
Subunit
1/100	qirsh (piastre)
Symbol	ج.س.
Banknotes	2, 5, 10, 20, 50 pounds
Coins	1, 5, 10, 20, 50 piasters, 1 pound
Demographics
User(s)	Sudan
Issuance
Central bank	Central Bank of Sudan
Website	www.cbos.gov.sd
Valuation
Inflation	16.9%
Source	http://www.xe.com/currency/sdg-sudanese-pound, 2016 est.

The Sudanese pound (Arabic: جنيه سوداني Junaih Sudani) is the currency of Sudan. It was also used as currency in South Sudan until finalization of the introduction of the South Sudanese pound. Both Arabic and English names for the denominations appear on the country's banknotes and coins.

The first pound to circulate in Sudan was the Egyptian pound. The late 19th century rebels Muhammad ibn Abdalla (the Mahdi) and Abdallahi ibn Muhammad (the Khalifa) both issued coins which circulated alongside the Egyptian currency. When Anglo-Egyptian rule in Sudan ceased on January 1, 1956 and Sudan became an independent country, a distinct Sudanese currency (the Sudanese pound) was created, replacing the Egyptian pound at par.

The Egyptian pound was subdivided into 100 qirush (Arabic: قروش, singular qirsh, قرش, English: piastre). The qirsh used to be subdivided into 40 para, but decimalisation following the 1886 Egyptian currency reform established a 1/10 qirsh, which came to be known as a millim (ملّيمات, singular: ملّيم). Due to this legacy, the post 1956 Sudanese pound was divided into 100 qirush, subdivided into 10 millims.

During 1958-1978 the pound was pegged to the U.S. dollar at a rate of $2.87156 per Sudanese pound. Thereafter, the pound underwent successive devaluations.

The pound was replaced in 1992 by the dinar (SDD) at a rate of 1 dinar = 10 pounds. While the dinar circulated in northern Sudan, in Southern Sudan, prices were still negotiated in pounds, whilst in Rumbek and Yei, the Kenyan shilling was used and accepted more within the transport sectors as well as for hotels/accommodation.

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Wikipedia