The Sudanese Dinar (SDD) was the official currency of Sudan, a country in Northeast Africa, from 1992 to 2007.
The Central Bank of Sudan managed the Sudanese Dinar, which was responsible for issuing and managing the nation’s money supply.
The currency code for the Sudanese Dinar was SDD, and the symbol commonly used was “LSd.”
History of the Sudanese Dinar
The Sudanese Dinar replaced the Sudanese Pound (SDP) at a rate of 1 Dinar to 10 Pounds in 1992.
The currency was used until 2007 when Sudan decided to reintroduce the Sudanese Pound (SDG) due to the provisions in the Comprehensive Peace Agreement (CPA) that ended the civil war between the north and south regions of Sudan.
The new Sudanese Pound replaced the Sudanese Dinar at a rate of 1 Pound to 100 Dinars.
Denominations and Subdivisions
The Sudanese Dinar was divided into 100 smaller units called piastres or qirsh.
Coins were issued in denominations of 1, 2, 5, 10, 20, and 50 piastres, as well as 1 Dinar.
Banknotes were available in denominations of 2, 5, 10, 20, 50, 100, 200, 500, and 1,000 Dinars.
The designs on the Sudanese Dinar coins and banknotes often depicted the country’s cultural symbols, historical figures, and landmarks, reflecting the nation’s rich heritage and history.
Exchange Rates and Economy
When the Sudanese Dinar was in circulation, the exchange rate could fluctuate based on various factors, such as the nation’s economic performance, inflation, and supply and demand for the currency in international markets.
Since the Dinar has been replaced by the Sudanese Pound (SDG), the exchange rates for the Dinar are no longer applicable.
Sudan’s economy heavily relies on agriculture and oil production. However, it has been negatively affected by conflict, political instability, and international sanctions, which have hindered its growth and development.
Summary
The Sudanese Dinar was the official currency of Sudan from 1992 to 2007, managed by the Central Bank of Sudan.
It replaced the Sudanese Pound in 1992 and was subsequently replaced by the Sudanese Pound again in 2007.
The currency was subdivided into 100 piastres, with coins and banknotes issued in various denominations.
Sudan’s economy is primarily based on agriculture and oil production, but it has faced challenges due to conflict, political instability, and international sanctions.