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LOCAL CURRENCY IN SUDAN

Want to know the local currency in Sudan? The currency used in Sudan is called Pound.

The Sudanese Pound is issued and managed by the Central Bank of Sudan. To find out the current currency exchange rates for Pound to other major currencies of the world, click on foreign currency rates.

Sudanese Currency Information
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The currency used in Sudan is called as the Pound. This currency is denoted with the currency sign and the ISO 4217 Code for the Sudanese Pound is SDG. The Pound, is the official currency of the Sudan . It is divided into 100 smaller units called qirsh (piastre).

The constitution of Sudan provides that the Sudan government shall have the power to print the Sudanese Pound and qirsh (piastre) coins to be used as a legal tender in Sudan. The Sudanese Pound bank notes and Qirsh (piastre) coins are both designated as "legal tender" in payment of debts.

The Sudanese Pound bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Sudanese Pound.

Currently printed bank notes denominations are 1, 2, 5, 10, 20, 50 pounds and the coins are minted in the denominations of 1, 5, 10, 20, 50 piasters, 1 pound[1] .

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The Effect of Balance of Trade and Investment on the Value of Sudanese Pound
Financial analysts regularly cite the balance of trade and investment in Sudan as the most important influence on the value of the Pound. The difference between what the Sudan exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Pound exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Pound exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Sudanese Pound.
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