South Sudanese pound
| South Sudanese pound | |
|---|---|
| ISO 4217 | |
| Code | SSP |
| Denominations | |
| Subunit | |
| 1/100 | piaster |
| Banknotes | 5, 10, 25 piasters, 1, 5, 10, 20, 25, 50, 100 pounds |
| Coins | 10, 20, 50 piasters, 1, 2 pounds |
| Demographics | |
| User(s) |
 South Sudan
|
| Issuance | |
| Central bank | Bank of South Sudan |
| Valuation | |
| Inflation | 476% |
| Source | https://www.cia.gov/library/publications/the-world-factbook/geos/od.html 2016 |
The South Sudanese pound is the official currency of the Republic of South Sudan. It is subdivided into 100 piasters. It was approved by the Southern Sudan Legislative Assembly before secession on 9 July 2011 from Sudan. It was introduced on 18 July 2011, and replaced the Sudanese pound at par.
The banknotes feature the image of John Garang, the deceased leader of South Sudan's independence movement.
Six different denominations (1, 5, 10, 25, 50 and 100 pounds) in the form of banknotes have been confirmed, and five denominations (1, 5, 10, 25 and 50 piasters) will be issued in the form of coins.
Three new banknotes for 5, 10, and 25 piasters were issued 19 October 2011.
The first circulation coins of the South Sudanese pound denominated in 10, 20, and 50 piasters were issued July 9, 2015, on occasion of the fourth anniversary of independence from Sudan.
In 2016, the Bank of South Sudan issued a 20 South Sudanese pound banknote to replace the 25 South Sudanese pound banknote.
As part of a currency redesign to reduce confusion, a 1 Pound coin was released to replace the 1 Pound banknote, and a coin for 2 Pounds has also been released at the same time as the 1 Pound coin. The 10, 20 and 100 pound notes were all redesigned.
In November 2016 the Governor of the Bank of South Sudan issued a statement dismissing as false reports claiming that the bank was printing new notes with the denominations of 200, 500 and 1,000 pounds.
Coins denominated 10, 20, and 50 Piasters were put into circulation on 9 July 2015 (South Sudanese Independence Day). As of 2016, South Sudan's coins are being struck at the South African Mint.
Bimetallic coins denominated 1 Pound and 2 Pounds has been put into circulation during 2016.
The Coat of arms of South Sudan with the country name 'REPUBLIC OF SOUTH SUDAN' and the date will appear on the obverses. The various coins will include the following:
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