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The Central Bank of Sudan (Arabic: بنك السودان المركزي) is the central bank of Sudan. The bank was formed in 1960, four years after Sudan's independence. It is located in the capital Khartoum. In April 2023, the Central Bank's headquarters was destroyed during the Sudanese civil war (2023-present). [5]
A new LS 100 banknote was unveiled on 28 January 2019 by the Central Bank of Sudan. [21] A new LS 200 Sudanese pounds banknote was unveiled on 5 February 2019 by the Central Bank of Sudan. [22] A new LS 500 banknote dated March 2019 was issued in 2019 and a LS 1,000 banknote dated June 2019 was issued on 7 June 2022
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The customs exchange rate, last set at 20 Sudanese pounds per dollar, was used to value imports in order to calculate duties. Sudan eliminates customs exchange rate - finance ministry Skip to main ...
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.
Central bank independence refers to the degree of autonomy and freedom a central bank has in conducting its monetary policy and managing the financial system.It is a key aspect of modern central banking, and has its roots in the recognition that monetary policy decisions should be based on the best interests of the economy as a whole, rather than being influenced by short-term political ...
Country Currency Central bank Peg Benin West African CFA franc: Central Bank of West African States: 1 EUR = CFA 655.957 Burkina Faso Guinea-Bissau Ivory Coast Mali Niger
The first circulation coins of the South Sudanese pound in denominations of SSP 0.10, SSP 0.20, and SSP 0.50 were issued 9 July 2015, on occasion of the fourth anniversary of independence from Sudan. [12] In 2016, the Bank of South Sudan issued a SSP 20 banknote to replace the SSP 25 note. [13] In 2018, the Bank of South Sudan introduced a SSP ...