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The Sudanese pound was devalued on 23 February 2021, with the official (indicative) exchange rate set to LS 375.08 per US dollar (from the fixed rate of LS 55), closing the gap between the commercial and black market exchange rates. [9] [10] [11] In July 2024, the Sudanese pound depreciated to LS 2100 per US dollar in the parallel market. [12]
A dollar fetched 470 Sudanese pounds on the black market, rising from 445 a week ago, while the official rate was 424. Sudan sharply devalued its currency in February, moving to a flexible managed ...
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.
Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar).
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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 in denominations of SSP 200, SSP 500 and SSP 1,000. [17] In February 2021, the Bank of South Sudan issued a SSP 1,000 banknote as part of an effort to combat rising inflation and economic crisis.
Under the British Administration of Sudan there were four types of paper currency issued during the siege of Khartoum (the first two of which are illustrated in the table). Bearing a date of 25 April 1884, the first Sudan piaster issue was printed, in the following denominations: 1, [nb 4] 5, 10, 20, 100, 500, 1000, 2000, 2500 and 5000 piastres ...
Daily life in a refugee camp in South Sudan. Some of the camp’s residents fled Ethiopia to avoid brutal evictions carried out by government forces. New evidence suggests the government’s actions were funded by the World Bank. Read the story here. Andreea Campeanu / International Consortium of Investigative Journalists