Conclusion of the "Comprehensive Peace Agreement" in Nairobi: Chapter III, §14.2, stipulated the creation of the "Bank of South Sudan" as a branch of the Central Bank of Sudan; the bank began operations in July 2005
Time Period: 2011-
Currency: South Sudanese Pound
Transition
1 : 1 Sudanese Pound (2007)
Sub-units
Pound / 100 Piastres
ISO4217
SSP
Timeline
08.07.2011
Resolution of the "Southern Sudan Legislative Assembly" (transitional parliament) on the creation of a national currency; effective 09.07.2011 (independence day)
19.07.2011
Start of currency exchange: - 19.07.2011: Start of issuance of the new banknotes (coins followed on 19.07.2015) - 31.08.2011: Demonetization of the Sudanese currency.
29.08.2011
Law [Bank of South Sudan Act] on the establishment of the Bank of South Sudan (created 2005) as central bank; effective 01.09.2011
Valuation Regimes
2011-2015
Fixed rate against US Dollar; during the currency changeover on par with the Sudanese Pound (2007)