Time Period: 1885-1899 (AH:1302-1317) - Mahdi State

Timeline

  • around 1885
  • Issuance of silver coins of 20, 10 Piastres (Egyptian standard) by Omdurman mint, dated AH1302 (plus regnal year 5, referring to the start of the Mahdist movement in 1881) and in the name of the Mahdi
  • 1888-1899
  • Issuance of debased silver and copper coinage of 20 to 1 Piastres, dated AH1304-1315 and carrying the indication "new currency"


Time Period: 1898-1916 (AH:1316-1335) - Sultanate of Darfur

Timeline

  • 1909-1914
  • Issuance of debased silver coins of 1 Piastre, dated AH1327, by Al-Fasher mint


Time Period: 1899-1956 (AH:1316-1375) - Anglo-Egyptian Sudan

Timeline

  • 1899-1956
  • Circulation of Egyptian paper money and Egyptian and British coins (without separate currency legislation)


Time Period: 1957-1992 (AH:1377-1412)

Currency: 1st Sudanese Pound


Timeline

  • 06.07.1955
  • Government resoulution on the issuance of state paper money by the Treasury; the notes were produced but not released to circulation.
  • 17.06.1956
  • AH:08.11.1375
  • Law [Currency Act, No. 26] on the establishment of the Sudan Currency Board and the creation of a national currency; effective upon constitution of the board on 05.03.1957
  • 08.04.1957
  • Start of currency exchange:
    - 08.04.1957: Start of issuance of the new banknotes (subsidiary coins had been issued already on 19.01.1957)
    - 07.07.1957: Demonetization of the Egyptian banknotes (coins were tolerated until 30.06.1958).
  • 01.12.1959
  • AH:01.06.1379
  • Law [Bank of Sudan Act, No. 60] on the transformation of the currency board into a central bank; effective upon constitution of the bank on 22.02.1960
  • 30.03.1984
  • Demonetisierung of subsidiary coins denominated "Millieme"

Valuation Regimes

  • 1957-1967
  • Fixed rate against British Pound
  • 1967-1992
  • Fixed rate against US Dollar

Rate Arrangements

  • 08.04.1957
  • Fixed
  • British Pound at 0.975 : 1 - [Gold parity (23.07.1958)] 2'552.08mg AU fine
  • ±0.0%
  • 18.11.1967
  • Fixed
  • US Dollar at 2.872 : 1
  • ±0.0%
  • 08.06.1978
  • Fixed
  • US Dollar at 2.50 : 1
  • -12.9%
  • 19.09.1979
  • Fixed
  • US Dollar at 2.00 : 1
  • -20.0%
  • 09.11.1981
  • Fixed
  • US Dollar at 1 : 0.90
  • -44.5%
  • 15.11.1982
  • Fixed
  • US Dollar at 1 : 1.30
  • -30.7%
  • 12.02.1985
  • Fixed
  • US Dollar at 1 : 2.50
  • -48.0%
  • 03.10.1987
  • Fixed
  • US Dollar at 1 : 4.50
  • -44.4%
  • 06.10.1991
  • Fixed
  • US Dollar at 1 : 15
  • -70.0%
  • 02.02.1992
  • Fixed
  • US Dollar at 1 : 90
  • -83.3%


Time Period: 1965-

Currency: Sudanese Dinar


Timeline

  • 18.05.1992
  • AH:16.12.1412
  • Government resolution (?) on the currency reform; effective immediately
    - The currency legislation was changed with the law [Bank of Sudan Act] of ??.12.2002.
  • 10.10.2005
  • AH:07.09.1426
  • Law [Central Bank of Sudan Act] on the reconstitution of the bank and name change into "Central Bank of Sudan"; effective immediately
  • 24.05.1992
  • Start of currency exchange:
    - 24.05.1992: Start of issuance of the new banknotes and coins
    - 31.12.1998: Demonetization of the former currency.
  • 1992-2006
  • Sudanese Civil War:
    - The Sudan People's Liberation Movement did not carry out the currency form as the currency name was viewed as "an instrument of Islamization"; the Sudanese Pound (1957) remained in circulation in the SPLM controlled areas.
    - 09.01.2005: Conclusion of the "Comprehensive Peace Agreement" in Nairobi: Chapter III, §14.9, stipulated the adoption of a new currency in such a way that "the design of the new currency shall reflect the cultural diversity of Sudan"

Valuation Regimes

  • 1992-2007
  • Variable rate

Rate Arrangements


  • 24.05.1992
  • Variable
  • initially: US Dollar at 1 : 9
  • ±0.0%


Time Period: 2007- (AH:1427-)

Currency: 2nd Sudanese Pound


Timeline

  • 08.01.2007
  • AH:18.12.1427
  • Government resolution (?) on the currency reform (implementing the 2005 Comprehensive Peace Agreement); effective immediately
  • 09.01.2007
  • Start of currency exchange:
    - 09.01.2007: Start of issuance of the new banknotes and coins
    - 30.06.2007: Demonetization of the Dinar (1992) and Pound (1957) currencies.
  • 24.07.2011
  • Start of issuance of new banknotes after the introduction of the national currency in South Sudan:
    - Conversion on par into new banknotes while borders were closed (to prohibit inflow from South Sudan) until 31.07.2011 (?)

Valuation Regimes

  • 2007-
  • Variable rate

Rate Arrangements


  • 09.01.2007
  • Variable
  • initially: US Dollar at 1 : 2.01
  • ±0.0%


End-year Forex Rates (Units per US Dollar)