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Sudanese dinar

Former currency of Sudan

Field	Value
local_name	دينار سوداني
local_name_lang	ar
image_1	File:Sudan-1-dinar-1994 (1).jpg
image_title_1	1-dinar coin
iso_code	SDD
date_of_introduction	June 8, 1992
using_countries	None (previously Sudan)
inflation_rate	9%
inflation_source_date	The World Factbook, 2005 est.
symbol	SD
used_coins	SD 1, SD 2, SD 5, SD 10, SD 20 and SD 50
frequently_used_banknotes	SD 100, SD 200, SD 500, SD 1,000, SD 2,000, SD 5,000, SD 10,000
rarely_used_banknotes	SD 5, SD 10, SD 25, SD 50
issuing_authority	Bank of Sudan
issuing_authority_website
date_of_withdrawal	July 1, 2007
obsolete	yes

The dinar was the currency of Sudan between 1992 and 2007. Its ISO 4217 code was "SDD" and had no official subdivision. It replaced the first Sudanese pound and, in turn, was replaced by the second Sudanese pound.

Various pieces of currency; a 200 SD note is in the foreground

History

The dinar replaced the first Sudanese pound (SDP) on June 8, 1992, at a rate of SD 1 = £S.10. On January 10, 2007, a second Sudanese pound (SDG) was introduced at a rate of 1 pound = 100 dinars. According to the Bank of Sudan, the dinar was to have stopped circulating after a six-month transitional period. The pound and the dinar were to be accepted as legal currency side by side during the six-month period but cheques would be cashed in pounds from the commercial banks. The Bank of Sudan began distributing the new currency to commercial banks and sent consignments of banknotes to the south in 2007. This second Sudanese pound became the only legal tender as of July 1, 2007.

Coins

Coins were minted in denominations of SD , SD , SD 1, SD 2, SD 5, SD 10, SD 20 and SD 50 (the two smallest denominations appear to have been shelved before being issued). A reduction in size took place, with the 2001-03 coins being generally smaller than the 1994-99 coins. A source indicates that bi-metallic SD 50 and SD 100 coins were planned but that this plan was shelved because of the introduction of the second pound. See below for more detail.

Banknotes

Banknotes were issued in denominations of SD 5, SD 10, SD 25, SD 50, SD 100, SD 200, SD 500, SD 1,000, SD 2,000 and SD 5,000. The lowest three denominations were withdrawn on 1 January 2000 due to a concern that well-used notes could spread disease. Old pound notes also circulated alongside dinar notes.

Historical exchange rates

Rate against US$1995–2004. (See historical rates)

References

":: Sudanese Media Center ::".
Numismatic Dimensions. (May 2005). "Africa - Coins of Sudan".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

economy-of-sudan modern-obsolete-currencies 1992-establishments-in-sudan 2007-disestablishments-in-sudan currencies-introduced-in-1992 dinar

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