Sudanese pound

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Sudanese pound

جنيه سوداني (Arabic)
Current coins
ISO 4217
Code	SDG (numeric: 938)
Subunit	0.01
Symbol	None official. The abbreviations LS or ج.س are used
Denominations
Subunit
1⁄100	piastre (qirsh)
Symbol
piastre (qirsh)	PT
Banknotes	LS 2, LS 5, LS 10, LS 20, LS 50, LS 100, LS 200, LS 500, LS 1,000
Coins	1 PT, 5 PT, 10 PT, 20 PT, 50 PT, LS 1 [1]
Demographics
User(s)	Sudan
Issuance
Central bank	Central Bank of Sudan
Website	www.cbos.gov.sd
Valuation
Inflation	16.9%
Source	https://www.xe.com/currency/sdg-sudanese-pound, 2016 est.

The Sudanese pound (Arabic: جنيه سوداني "Jineh Sudani"; abbreviation: LS^[2] in Latin, ج.س in Arabic, historically also £Sd;^[3] ISO code: SDG) is the currency of the Republic of the Sudan. The pound is divided into 100 piastres (or qirsh (قرش) in Arabic). It is issued by the Central Bank of Sudan.

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 LS 53 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 LS 6.09 to LS 18.07 in the budget of 2018 and LS 375.11 in March 2021.