Own currency — the South Sudan pound — was put into circulation in the Republic of South Sudan, which gained independence on July 9.
As RIA “Novosti” informs, the Southern Sudan left the united state with the North following the results of January referendum, when a vast majority of participants have supported the independent development of the South.
July 18 The Central Bank of Southern Sudan has put into circulation a new currency in denominations of 1, 5, 10, 25, 50 and 100 South Sudanese pounds. Banknotes were printed by De La Rue.
All bank deposits of Southern Sudan its citizens will be able to transfer from Sudanese pounds to the South Sudan within two months at the exchange rate one to one. However, the question about what will happen to two billion Sudanese pounds, which are in circulation in South Sudan, is still open. The Government of the South has offered to Khartoum to purchase Sudan money from him, but he does not want to do it.
The pound of the Central Bank of Sudan will undergo the changes. According to statements of the north Sudan banking regulator, all legal and procedural questions for the issuance of an update Sudanese currency are now complete. The new Sudan pound will appear within 1 month after the release of south Sudanese currency. Only minor changes will appear at the exterior view of Sudan pound. Sudan banknotes will change color, the map of united Sudan and images relating to the culture of Southern Sudan will disappear.