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SDP (Sudanese Pound)

What is the ‘SDP (Sudanese Pound)’

SDP (Sudanese Pound) is the Currency abbreviation or currency symbol for the first Sudanese pound (SDP), the currency for Sudan from 1956 to 1992. The Sudanese pound was made up of 100 piastre, or qirush in Arabic. The Sudanese pound was known as “junaih” in Arabic. Both Arabic and English names for the denominations of the country’s currency appeared on banknotes and coins.

The Sudanese Pound was the currency of the Republic of Sudan and when it was in circulation, it was issued by the Central Bank of Sudan.

Both Arabic and English names for the denominations appear on the country’s banknotes and coins. Coins were issued in denominations of 1, 5, 10, 20, and 50 piasters, and 1 pound, while banknotes were issued in denominations of 1, 2, 5, 10, 20, and 50 pounds.

BREAKING DOWN ‘SDP (Sudanese Pound)’

SDP (Sudanese Pound) replaced the Egyptian pound at par as the currency of Sudan in 1956 and remained in use until it was replaced by the dinar (SDD) in 1992. When it was set, the exchange currency rate of was established as one Dinar to equal 10 Pounds. Like many currency conversions, it was some time before the Dinar fully replaced the use of the pound. For example, while the Dinar was widely used in northern Sudan, many local merchants and businesses still negotiated in pounds in Southern Sudan regions. And to make things even more confusing, in other regions of Sudan, the Kenyan Shilling was also used.

The dinar was used in Sudan from 1992 to 2007.

History of SDP (Sudanese Pound)

The history of the currency of the Sudanese Pound is largely tied to the country’s long history of changing hands. For example, the first currency change happened with a “second pound” (SDG) that was introduced after a peace agreement between the Government of the Republic of The Sudan and The Sudan People’s Liberation Movement. The new “second” Sudanese Pound became legal tender on July 1, 2007.

Another currency change happened in 2011, when South Sudan seceded from the country. After the secession, the main Sudan country issued new banknotes on July 24, 2011 that became known as “the third Pound”. Essentially, the new banknotes were made to separate the seceded South Sudan, with a new redrawn map of the country and no symbols that were associated with the south.  The new currency is known as SDG and is the currency used today.  

The post SDP (Sudanese Pound) appeared first on NewsWorld.



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