SDG meaning in Country Currency ?

Answer:

What is Sudanese Pound mean?

The Sudanese pound (Arabic: جنيه سوداني "Jineh Sudani"; symbol: £SD or ج.س; code: SDG) is the basic unit of the Republic of the Sudan. The pound is subdivided into 100 piastres or qirsh (قرش) in Arabic. The pound is issued by the Central Bank of Sudan. Its value is linked to gold and convertible into foreign currencies. There are no restrictions on money transfers to and from 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 £SD53 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 £SD6.09 to £SD18.07 in the budget of 2018 and 375.11 pounds in March 2021.

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