Overview
The Sudanese Pound is the currency of Sudan, managed by the Central Bank of Sudan. The economy faces significant challenges due to political instability, sanctions, and the loss of oil revenue following South Sudan's independence.
Economy
- Sudan is a member of AU, Arab League, IGAD, OIC.
- Main industries include: Oil, Cotton ginning, Textiles, Cement, Edible oils, Sugar, Soap distilling, Shoes, Petroleum refining, Pharmaceuticals, Armaments, Automobile/light truck assembly.
- Sudan is part of the World Trade Organization.
- Imports are foodstuffs, manufactured goods, refinery and transport equipment, medicines, chemicals, textiles, wheat.
- Major exports include gold, oil, petroleum products, cotton, sesame, livestock, peanuts, gum arabic, sugar.
- GDP: $50.2 billion (2023 est.).
- GDP per capita: $1,109 (2023 est.).
- Unemployment rate: 19.6% (2017 est.).
- Inflation rate: 387.7% (2023 est.).
- Main trading partners: United Arab Emirates, China, Saudi Arabia, India, Egypt, Turkey.
- Trade agreements: Limited due to sanctions, Arab Free Trade Area, COMESA.
History
- Previous currencies used: Sudanese dinar, First Sudanese pound, Egyptian pound.
- The current Sudanese pound was introduced in 2007, replacing the Sudanese dinar. Sudan has had multiple currency changes due to economic crises and political instability.
- 1956: Independence and first Sudanese pound
- 1992: Sudanese dinar introduced
- 2007: Current Sudanese pound introduced
- 2011: South Sudan independence, loss of oil revenue
- 2019: Political revolution and economic crisis
- 2021: Military coup and continued instability
- Exchange rate peg: Managed float with multiple rates.
General Information
- ISO 4217 Code: SDG
- Symbols: SDG/ج.س.
- Currency Subunits: 100 piastres
- Central Bank: Central Bank of Sudan
- Monetary Policy: Multiple exchange rate system with limited effectiveness due to political and economic instability. Focus on managing hyperinflation and currency shortages.
- Bills: 2 SDG, 5 SDG, 10 SDG, 20 SDG, 50 SDG, 100 SDG, 200 SDG, 500 SDG
- Coins: 1 piastre, 5 piastres, 10 piastres, 20 piastres, 50 piastres, 1 pound, 2 pounds
- USD Exchange Rate: Variable (extremely volatile, approximately 600+ SDG per USD)
- Pegged To: None (Floating)
- Capital: Khartoum
- Population: 48,109,006 (2023 est.)
- Area: 1,861,484 km²
- Languages: Arabic (official), English (official), Nubian, Ta Bedawie, Fur
- Time Zones: UTC+2 (Central Africa Time)
- Government Type: Federal republic (currently under military rule)
- Head of Government: Transitional military leadership
- Independence: January 1, 1956 (from Egypt and United Kingdom)
- Ethnic Groups: Sudanese Arab 70%, Fur 10%, Beja 6%, Nuba 3%, Fallata 3%, Other 8%
- Religions: Sunni Muslim 90.7%, Christian 5.4%, African traditional 2.8%, Other 1.1%
- Literacy Rate: 60.7% (2018 est.)
- Transport: Khartoum International Airport, limited road network, railway system, Nile River transport, Port Sudan
- Communications: Limited telecommunications, 31% internet penetration, mobile network coverage
- Energy: Hydroelectric 68%, Thermal 32%, limited access to electricity
- Countries Using This Currency: Sudan
- Data Sources: Central Bank: Central Bank of Sudan (cbos.gov.sd), Economic Data: Central Bureau of Statistics Sudan, World Bank, IMF, Trade Data: Sudan Customs, Demographic Data: Central Bureau of Statistics Sudan, Geographic Data: Sudan Meteorological Authority, Historical Data: Central Bank of Sudan archives
- Last Updated: 2025