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Sudanese dinar

Sudanese dinar

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Sudanese dinar
دينار سوداني (Arabic)
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>Template:Cite web</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 They have been withdrawn since 1 January 2000 in order to stop the "spread of disease".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)

Current SDD exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD

[edit] Reference

<references/>



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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Currencies of Africa
North Algerian dinar | Euro (Plaza de soberanía) | Egyptian pound | Libyan dinar | Mauritanian ouguiya | Moroccan dirham | Sudanese dinar | Sudanese pound | Tunisian dinar
Central Angolan kwanza | Burundian franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) | Congolese franc | Rwandan franc
West Cape Verdean escudo | Euro ( Canary Islands, Madeira) | Gambian dalasi | Ghanaian cedi | Guinean franc | Liberian dollar | Nigerian naira | São Tomé and Príncipe dobra | Sierra Leonean leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East Comorian franc | Djiboutian franc | Eritrean nakfa | Ethiopian birr | Kenyan shilling | Seychelles rupee | Somali shilling | Somaliland shilling | Tanzanian shilling | Ugandan shilling
South Botswana pula | Euro (Mayotte, Réunion) | Lesotho loti | Malawian kwacha | Malagasy ariary | Mauritian rupee | Mozambican metical | Namibian dollar | Saint Helena pound | South African rand | Swazi lilangeni | Zambian kwacha | Zimbabwean dollar
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