Sudanese Pound

Sudanese Pound

The Sudanese pound (Arabic: جنيه سوداني (Junaih Sudani) is the basic unit of the Sudanese currency. The pound consists of 100 piasters. The pound is issued by the Sudanese Central Bank. Its value is linked to gold and convertible into foreign currencies. There are no restrictions on money transfers to and from Sudan. The Sudanese pound is equivalent to $ 0.056. It has been pegged to U.S. dollar since around 1984. The pound fell for the first time since 1997 after the United States imposed economic sanctions on Sudan. The Sudanese pound continued its decline to an unprecedented number, falling to 53 pounds against the dollar. This situation, which drained all economic measures, led to heavy losses in the external repercussions of the Sudan as a whole, in the light of the government cut, interrupted by some of the failed actions announced by the Central Bank of Sudan, a severe shortage of liquidity. The Sudanese pound fell against the US dollar after the Central Bank of Sudan announced the lifting of the cash reserve to counter inflation. Since the Secession of South Sudan in 2011, Sudan has suffered from a scarcity of foreign exchange for the loss of three quarters of its oil resources and 80% of foreign exchange resources. The Sudanese government quoted the official price of the dollar from 6.09 pounds to 18.07 pounds in the budget of 2018.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

3 Sudanese Pound to South African Rand exchange rates chart

3 SDG to ZAR exchange rates graph
3 SDG to ZAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

3 SDG to ZAR exchange rates table

Exchange SDG to ZAR
3 Sudanese Pound = 0.873 South African Rand
6 Sudanese Pound = 1.745 South African Rand
15 Sudanese Pound = 4.363 South African Rand
30 Sudanese Pound = 8.726 South African Rand
Exchange Sudanese Pound to South African Rand
3 Sudanese Pound to South African Rand Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

3 SDG to ZAR exchange rates news

Over 800 protesters arrested in Sudan demonstrations: minister

KHARTOUM: More than 800 protesters have been arrested in anti-government demonstrations held across Sudan since last month, a minister said Monday, as hundreds gathered at a rally backing President Omar Bashir. Deadly protests have rocked Sudan since Dec. 19, when unrest first broke out over a government decision to raise the price of bread. Authorities say at least 19 people

10 days indicative neutral
Sudan’s inflation rise to 68,93% as dollar price hits record high - Sudan Tribune: Plural news and views on Sudan

December 10, 2018 (KHARTOUM) - Sudan's inflation rate has risen to 68,93% in November compared to 68,44 in October, reported the Central Bureau of (...)

about 1 month indicative neutral
Sudan cash spat spells economic and political woe

Sudanese foreign minister's sacking could push country closer to economic abyss

about 2 months conditional neutral
Sudan’s inflation rises to 55,6% in March: CBoS - Sudan Tribune: Plural news and views on Sudan

April 13, 2018 (KHARTOUM) - Sudan's inflation rate has risen to 55,6% in March compared to 54,34% in February, reported the Central Bureau of (...)

about 2 months indicative negative
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 1 month conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive

3 SDG to ZAR currency converter