Currency of South Sudan

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  • The Sudanese Pound (SDG) is the official currency of South Sudan.
  • Members of the committee that was constituted to work on the design of the currency for the nation has suggested that the first chairman of the Sudan Peoples Liberation Movement (SPLM), the late John Garang, should appear on the currency.

News

July 16, 2011: Central Bank of South Sudan reduced the period for currency conversion period to one and a half months beginning from the 18th July 2011 and ending on 1st September 2011.
July 19, 2011: Unity State authorities gathered Tuesday to discuss the policy to be use by private banking institutions on the conversion of old Sudan Pounds to the new South Sudanese Pound. The deputy governor of Unity State William Dawut Riak and state Minister of Finance Thomas Jal Kume briefed Kenya Commercial Bank and Ivory Bank of Bentiu branches in Bentiu on the two month period to exchange all Sudanese Pounds into the new currency.
July 19, 2011: The Governor of Jonglei, Kuol Manyang Juuk called for the quick adoption of the country’s new currency released on Monday.
  • Juuk said, 'This is a great achievement within few days of independence. It took some countries including our neighboring countries of Uganda and Kenya for example, time to introduce new currency when they got their independence'
  • Many critics are concerned about the lack of date on which the currency note was printed, a general standard that was followed across the world.
  • July 16, 2011: The first cabinet meeting takes place under the chairmanship of Salva Kiir Mayrdit. The meeting discussed about issues related to finance and economy. It also approved the introduction of the new currency of South Sudan.
    • Caretaker minister for Information and Official Spokesman of the Government Dr. Barnaba Marial Benjamin said that the official launch of the new currency will be done on July 18, 2011.
    • List of designated centers where old currency can be new ones will be intimated shortly.
  • July 11, 2011: Finance Minister David Deng Athorbei says the currency of South Sudan will be one-to-one equal in value with the North Sudanese pound. He said that the first shipment of the currency notes will come to the country from a British printer by July 13, 2011. The Central Bank of South Sudan will shortly begin printing the currency on its own.
  • July 12, 2011: President of Central Bank of South Sudan Elijah Malok says that the country is [managed float of its new currency]
  • July 14, 2011: Central Bank begins to receive new currency.

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