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.
The Sudanese pound strengthened to 46.95 to the U.S. dollar on Sunday, bankers said, in the currency's first rise since its steep devaluation a week ago when the government introduced a new mechanism to combat a financial crisis.
Sudan sharply devalued its currency on Sunday after a body of banks and money changers was tasked with setting the country's exchange rate under a new system established by the government to tackle an acute shortage of foreign exchange.
South Sudanese pounds has strengthened against the U.S. dollar, exchanging against the dollar at 250 from over 300, a week after warring parties declared permanent cease-fire deal, a government official said on Friday.