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.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

47 Sudanese Pound to US Dollar exchange rates chart

47 SDG to USD exchange rates graph
47 SDG to USD 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.

47 SDG to USD exchange rates table

Exchange SDG to USD
47 Sudanese Pound = 0.989 US Dollar
94 Sudanese Pound = 1.977 US Dollar
235 Sudanese Pound = 4.943 US Dollar
470 Sudanese Pound = 9.886 US Dollar
Exchange Sudanese Pound to US Dollar
47 Sudanese Pound to US Dollar 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.

47 SDG to USD 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

15 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

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 (...)

2 months indicative negative
U.S. dollar closes unchanged on Taipei forex market | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 19 (CNA) The U.S. dollar ended unchanged against the Taiwan dollar at NT$30.842 Saturday.

3 days conditional negative
Dollar Exhibits Mixed Trend As Traders Look For Direction

WASHINGTON (Alliance News) - The US dollar is turning in a mixed performance against other major ...

5 days conditional positive
Forex: J$131.36 to one US dollar

KINGSTON, Jamaica — The US dollar on Wednesday, January 16 ended trading at J$131.36 down b...

5 days indicative negative

47 SDG to USD currency converter