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.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

62 Sudanese Pound to British Pound exchange rates chart

62 SDG to GBP exchange rates graph
62 SDG to GBP 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.

62 SDG to GBP exchange rates table

Exchange SDG to GBP
62 Sudanese Pound = 1.005 British Pound
124 Sudanese Pound = 2.010 British Pound
310 Sudanese Pound = 5.025 British Pound
620 Sudanese Pound = 10.050 British Pound
Exchange Sudanese Pound to British Pound
62 Sudanese Pound to British Pound 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.

62 SDG to GBP 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
Jamaican dollar declines 10 cents vs greenback

The Jamaican dollar devalued by 10 cents against the United States dollar during Wednesday’s trading, according to the trading summary from the Bank of Jamaica (BOJ)

12 days indicative negative

62 SDG to GBP currency converter