A 100 SD note is already confusing for alot of people.. but hey, if changing the currency is part of the CPA plan then, whatever. Sudan's got bigger problems than that.
It's effective as of January 9th.
PS - what the hell is Bank of New Sudan?
September 28, 2006
Sudan is to start the circulation of a new currency all over the country to symbolize its unity within the next few months, local newspaper Akhbaralyoum reported on Thursday.
This comes as another step to implement the Comprehensive Peace Agreement, signed by the Sudanese government with the former rebel Sudan People's Liberation Movement (SPLM) in January, 2005 to end the country's north-south conflict.
Governor of the Bank of Sudan Sabir Mohamed al-Hassan was quoted by the Arabic-language daily as saying that the cost of the Sudanese currency change amounted to 150 million U.S. dollars.
One pound of the new currency will be equal to 100 dinars (0.48 U.S. dollar) of the old currency, according to the governor.
He expected that the exchange of the currency would begin in south Sudan in December and would continue for three months, and the same procedure would start in the north in January next year.
He said that the design of the new currency was intended to reflect the unity, cultural diversity, peace and industrial development in Sudan.
Update:
Before the signing of the CPA, the SPLM started a programme to circulate their own currency in the liberated areas. It was fiercely opposed by Khartoum. The bank notes shown were from that era, featuring the Bank of New Sudan (New Sudan being the SPLM concept)
ReplyDeleteWith the CPA the South Sudan has its own bank call the Bank of South Sudan (BOSS). The former Bank of Sudan becomes the Central Bank of Sudan (CBOS)http://www.bankofsudan.org/
CBOS is the body issuing the new currency. We are going back to pounds.
Thanks BK for the input..
ReplyDeleteI guess this will finally clear up the confusion between Dinars & Pounds.. although it might take some time for people to get used to.
Hope it really does contribute to the CPA.
Weird. I prefer Dinars better, native language, pounds remind us of filthy colonists.
ReplyDeleteI'm confused already=)
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