A currency, in the most specific sense is money in any form when in use or circulation as a medium of exchange circulating banknotes and coins. A more general definition is that a currency is a system of money in common use for people in a nation. Under this definition, US dollars, pounds sterling, Australian dollars, European euros, Russian rubles and Indian Rupees are examples of currency; these various currencies are recognized as stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, each type has limited boundaries of acceptance. Other definitions of the term "currency" are discussed in their respective synonymous articles banknote and money; the latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the currency's value.
Some currencies are legal tender in certain political jurisdictions. Others are traded for their economic value. Digital currency has arisen with the popularity of the Internet. Money was a form of receipt, representing grain stored in temple granaries in Sumer in ancient Mesopotamia and in Ancient Egypt. In this first stage of currency, metals were used as symbols to represent value stored in the form of commodities; this formed the basis of trade in the Fertile Crescent for over 1500 years. However, the collapse of the Near Eastern trading system pointed to a flaw: in an era where there was no place, safe to store value, the value of a circulating medium could only be as sound as the forces that defended that store. A trade could only reach as far as the credibility of that military. By the late Bronze Age, however, a series of treaties had established safe passage for merchants around the Eastern Mediterranean, spreading from Minoan Crete and Mycenae in the northwest to Elam and Bahrain in the southeast.
It is not known what was used as a currency for these exchanges, but it is thought that ox-hide shaped ingots of copper, produced in Cyprus, may have functioned as a currency. It is thought that the increase in piracy and raiding associated with the Bronze Age collapse produced by the Peoples of the Sea, brought the trading system of oxhide ingots to an end, it was only the recovery of Phoenician trade in the 10th and 9th centuries BC that led to a return to prosperity, the appearance of real coinage first in Anatolia with Croesus of Lydia and subsequently with the Greeks and Persians. In Africa, many forms of value store have been used, including beads, ivory, various forms of weapons, the manilla currency, ochre and other earth oxides; the manilla rings of West Africa were one of the currencies used from the 15th century onwards to sell slaves. African currency is still notable for its variety, in many places, various forms of barter still apply; these factors led to the metal itself being the store of value: first silver both silver and gold, at one point bronze.
Now we have other non-precious metals as coins. Metals were mined and stamped into coins; this was to assure the individual accepting the coin that he was getting a certain known weight of precious metal. Coins could be counterfeited, but the existence of standard coins created a new unit of account, which helped lead to banking. Archimedes' principle provided the next link: coins could now be tested for their fine weight of metal, thus the value of a coin could be determined if it had been shaved, debased or otherwise tampered with. Most major economies using coinage had several tiers of coins of different values, made of copper and gold. Gold coins were the most valuable and were used for large purchases, payment of the military and backing of state activities. Units of account were defined as the value of a particular type of gold coin. Silver coins were used for midsized transactions, sometimes defined a unit of account, while coins of copper or silver, or some mixture of them, might be used for everyday transactions.
This system had been used in ancient India since the time of the Mahajanapadas. The exact ratios between the values of the three metals varied between different eras and places. However, the rarity of gold made it more valuable than silver, silver was worth more than copper. In premodern China, the need for credit and for a medium of exchange, less physically cumbersome than large numbers of copper coins led to the introduction of paper money, i.e. banknotes. Their introduction was a gradual process which lasted from the late Tang dynasty into the Song dynasty, it began as a means for merchants to exchange heavy coinage for receipts of deposit issued as promissory notes by wholesalers' shops. These notes were valid for temporary use in a small regional territory. In the 10th century, the Song dynasty government began to circulate these notes amongst the traders in its monopolized salt industry; the Song government granted several shops the right to issue banknotes, in the early 12th century the government took over these shops to produce state-issued currency.
Yet the banknotes issued w
South Sudanese pound
The South Sudanese pound is the official currency of the Republic of South Sudan. It is subdivided into 100 piasters, it was approved by the Southern Sudan Legislative Assembly before secession on 9 July 2011 from Sudan. It was introduced on 18 July 2011, replaced the Sudanese pound at par; the banknotes feature the image of John Garang de Mabior, the deceased leader of South Sudan's independence movement. Six different denominations in the form of banknotes have been confirmed, five denominations will be issued in the form of coins. Three new banknotes for 5, 10, 25 piasters were issued 19 October 2011; the first circulation coins of the South Sudanese pound denominated in 10, 20, 50 piasters were issued 9 July 2015, on occasion of the fourth anniversary of independence from Sudan. In 2016, the Bank of South Sudan issued a 20 South Sudanese pound banknote to replace the 25 South Sudanese pound banknote. In 2018, the Bank of South Sudan introduced a 500 South Sudanese pounds banknote to ease daily cash transactions following years of inflation.
As part of a currency redesign to reduce confusion, a 1 Pound coin was released to replace the 1 Pound banknote, a coin for 2 Pounds has been released at the same time as the 1 Pound coin. The 10, 20 and 100 pound notes were all redesigned. In November 2016 the Governor of the Bank of South Sudan issued a statement dismissing as false reports claiming that the bank was printing new notes in denominations of 200, 500 and 1,000 pounds. Coins denominated 10, 20, 50 Piasters were put into circulation on 9 July 2015; as of 2016, South Sudan's coins are being struck at the South African Mint. Bimetallic coins denominated 1 Pound and 2 Pounds has been put into circulation during 2016; the Coat of arms of South Sudan with the country name'REPUBLIC OF SOUTH SUDAN' and the date will appear on the obverses. The various coins will include the following: 10 Piasters - Copper-plated Steel - Oil rig. 20 Piasters - Brass-plated Steel - Shoebill stork. 50 Piasters - Nickel-plated Steel - Northern white rhino. 1 Pound - Bronze-plated Steel centre / Nickel-plated Steel ring - Nubian giraffe.
2 Pounds - Nickel-plated Steel centre / Bronze-plated Steel ring - African Shield. Articles about the banknotes of South Sudan. Banknotes of South Sudan
The pound sterling known as the pound and less referred to as sterling, is the official currency of the United Kingdom, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, Tristan da Cunha. It is subdivided into 100 pence. A number of nations that do not use sterling have currencies called the pound. Sterling is the third most-traded currency in the foreign exchange market, after the United States dollar, the euro. Together with those two currencies and the Chinese yuan, it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is the third most-held reserve currency in global reserves; the British Crown dependencies of Guernsey and the Isle of Man produce their own local issues of sterling which are considered equivalent to UK sterling in their respective regions. The pound sterling is used in Gibraltar, the Falkland Islands, Saint Helena and Ascension Island in Saint Helena and Tristan da Cunha; the Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, regulating issuance of banknotes by private banks in Scotland and Northern Ireland.
Banknotes issued by other jurisdictions are not regulated by the Bank of England. The full official name pound sterling, is used in formal contexts and when it is necessary to distinguish the United Kingdom currency from other currencies with the same name. Otherwise the term pound is used; the currency name is sometimes abbreviated to just sterling in the wholesale financial markets, but not when referring to specific amounts. The abbreviations "ster." and "stg." are sometimes used. The term "British pound" is sometimes incorrectly used in less formal contexts, it is not an official name of the currency; the exchange rate of the pound sterling against the US dollar is referred to as "cable" in the wholesale foreign exchange markets. The origins of this term are attributed to the fact that in the 1800s, the GBP/USD exchange rate was transmitted via transatlantic cable. Forex traders of GBP/USD are sometimes referred to as "cable dealers". GBP/USD is now the only currency pair with its own name in the foreign exchange markets, after IEP/USD, known as "wire" in the forward FX markets, no longer exists after the Irish Pound was replaced by the euro in 1999.
There is apparent convergence of opinion regarding the origin of the term "pound sterling", toward its derivation from the name of a small Norman silver coin, away from its association with Easterlings or other etymologies. Hence, the Oxford English Dictionary state that the "most plausible" etymology is derivation from the Old English steorra for "star" with the added diminutive suffix "-ling", to mean "little star" and to refer to a silver penny of the English Normans; as another established source notes, the compound expression was derived: However, the perceived narrow window of the issuance of this coin, the fact that coin designs changed in the period in question, led Philip Grierson to reject this in favour of a more complex theory. Another argument that the Hanseatic League was the origin for both the origin of its definition and manufacture, in its name is that the German name for the Baltic is "Ost See", or "East Sea", from this the Baltic merchants were called "Osterlings", or "Easterlings".
In 1260, Henry III granted them a charter of protection and land for their Kontor, the Steelyard of London, which by the 1340s was called "Easterlings Hall", or Esterlingeshalle. Because the League's money was not debased like that of England, English traders stipulated to be paid in pounds of the "Easterlings", contracted to "'sterling". For further discussion of the etymology of "sterling", see sterling silver; the currency sign for the pound is £, written with a single cross-bar, though a version with a double cross-bar is sometimes seen. This symbol derives from medieval Latin documents; the ISO 4217 currency code is GBP, formed from "GB", the ISO 3166-1 alpha-2 code for the United Kingdom, the first letter of "pound". It does not stand for "Great Britain Pound" or "Great British Pound"; the abbreviation "UKP" is used but this is non-standard because the ISO 3166 country code for the United Kingdom is GB. The Crown dependencies use their own codes: GGP, JEP and IMP. Stocks are traded in pence, so traders may refer to pence sterling, GBX, when listing stock prices.
A common slang term for the pound sterling or pound is quid, singular and plural, except in the common phrase "quids in!". The term may have come via Italian immigrants from "scudo", the name for a number of coins used in Italy until the 19th century.
The pound is the currency of Guernsey. Since 1921, Guernsey has been in currency union with the United Kingdom and the Guernsey pound is not a separate currency but is a local issue of banknotes and coins denominated in pound sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland, it can be exchanged at par with notes. For this reason, ISO 4217 does not include a separate currency code for the Guernsey pound, but where a distinct code is desired GGP is used; until the early 19th century, Guernsey used predominantly French currency. Coins of the French livre were legal tender until 1834, with French francs used until 1921. In 1830, Guernsey began production of copper coins denominated in doubles; the double was worth 1⁄80 of a French franc. The name "double" derived from the French "double deniers", although the value of the coin was equal to the liard still circulating. Coins were issued in denominations of 2, 4 and 8 doubles; the 8 double coin was a "Guernsey penny", with twelve to the "Guernsey shilling".
However, this shilling was not equal to the British shilling. Banknotes were produced by the States of Guernsey from 1827, denominated in pounds. In 1848, an ordinance was passed that the pound sterling should be legal tender at a value of £1 1s 3d; this was rescinded two years and French currency, supplemented by local issues, continued to circulate. In 1870, British coins were made legal tender, with the British shilling circulating at 12 1⁄2 Guernsey pence. Bank of England notes became legal tender in 1873. In 1914, new banknotes appeared, some of which carried denominations in Guernsey shillings and francs. After the First World War, the value of the franc began to fall relative to sterling; this caused Guernsey to adopt a pound equal to the pound sterling in 1921. For amounts below 1 shilling, the conversion rate of 1 Guernsey penny = 1 British penny applied, allowing the Guernsey coins to continue to circulate. For amounts above 1 shilling, an exchange rate of 21 Guernsey shillings to the pound sterling was used, applying an approximation to the pre-war exchange rate of 25.2 francs = 1 pound sterling, rather than the exact rate of 25.22.
This conversion increased the value of the double from 1⁄2016 to 1⁄1920 of a pound. The World War I issues of banknotes were overstamped with the word "British" to indicate this change. New banknotes and British silver coinage circulated alongside the double coins, with 3-pence coins minted specially for Guernsey from 1956. In 1971, along with the rest of the British Isles, Guernsey decimalised, with the pound subdivided into 100 pence, began issuing a full range of coin denominations from 1⁄2p to 50p; the Guernsey pound, other notes denominated in pound sterling may be used in Guernsey. The Guernsey pound is legal tender only in the Bailiwick of Guernsey although it circulates in Jersey but cannot be used in the UK, it can be exchanged in other places at banks and bureaux de change. Between 1830 and 1956, Guernsey's four coin denominations, 1, 2, 4 and 8 doubles, all carried similar designs, with the Island's arms and name on the obverse and the denomination and date on the reverse. In addition, the 8 double coins featured a wreath on both sides.
In 1956, new designs were introduced for the 8 doubles. These featured the Island's seal and name on the obverse with the English name, the date and the Guernsey lily on the reverse. Threepence coins were issued from 1956, with the same obverse and a reverse featuring the Guernsey cow; as in the UK, 5- and 10-new-pence coins were introduced in 1968, followed by 50-new-pence coins in 1969, before decimalisation took place in 1971 and the 1⁄2-, 1- and 2-new-pence coins were introduced. These coins were the same composition as the corresponding British coins; the word "new" was dropped in 1977. The £1 coin was introduced in 1981, two years before its introduction in the UK, although the 20-pence and £2 coins were introduced at the same time as in the UK: 1982 and 1998, respectively; the thickness of the 1981 coin was thinner than the modern version and the diameter measured less. The 1-pound coin ceased to be legal tender on 15 October 2017 to coincide with the withdrawal of the circular £1 coin in the UK.
The UK's new twelve-sided £1 coin will be the only £1 coin, legal tender on the island. The first decimal issues continued with the same obverse as the last pre-decimal issues until 1985, when Raphael Maklouf's portrait of Queen Elizabeth II was added. Ian Rank-Broadley's portrait of the Queen has appeared since 1998. Designs on the reverses of Guernsey's decimal coins are: In 1827, the States of Guernsey introduced one-pound notes, with the Guernsey Banking Company and the Guernsey Commercial Banking Company issuing one-pound notes from 1861 and 1886, respectively; the commercial banks lost their right to issue notes in 1914, although the notes circulated until 1924. In 1914, the States introduced five- and ten-shilling notes denominated as 6 and 12 francs. In 1921, States notes were over-stamped with the word "British" to signify the island's conversion to a pound equal to sterling. From 1924, ten-shilling notes were issued without any reference to the franc; the five-shilling note was discontinued.
The Jamaican pound was the official currency of Jamaica between 1840 and 1969. It circulated as a mixture of British currency and local issues and was always equal to the British pound; the Jamaican pound was used by the Cayman Islands and Turks and Caicos Islands. The history of currency in Jamaica should be considered in the wider picture of the currencies of the British West Indies. Jamaica was the only British West Indies territory to use special regional issues of the sterling copper coinage; the earliest money in Jamaica was Spanish copper coins called maravedíes. For nearly four hundred years Spanish dollars, known as pieces of eight were in widespread use on the world's trading routes, including the Caribbean Sea region. However, following the revolutionary wars in Latin America, the source of these silver trade coins dried up; the last Spanish dollar was minted at the Potosi mint in 1825. The United Kingdom had adopted the gold standard in 1821, so 1825 was an opportune time to introduce the British sterling coinage into all the British colonies.
An imperial order-in-council was passed in that year for the purposes of facilitating this aim by making sterling coinage legal tender in the colonies at the specified rate of $1 = 4s 4d. As the sterling silver coins were attached to a gold standard, this exchange rate did not realistically represent the value of the silver in the Spanish dollars compared to the value of the gold in the British gold sovereign; therefore the order-in-council had, in many colonies, the effect of driving sterling coinage out rather than encouraging its circulation. Remedial legislation had to be introduced in 1838 so as to change to the more realistic rate of $1 = 4s 2d. However, in Jamaica, British Honduras, in the Bahamas the official rating was set aside in favour of what was known as the'Maccaroni' tradition in which a British shilling, referred to as a'Maccaroni', was treated as one quarter of a dollar; the common link between these four territories was the Bank of Nova Scotia which brought in the'Maccaroni' tradition, resulting in the successful introduction of both sterling coinage and sterling accounts.
In 1834 silver coins of threepence and three halfpennies were introduced, valued at 1⁄2 real and 1⁄4 real. The three halfpenny came to be called "quartile" or "quatties". These, in particular, were used in church collections due to a feeling by the black population that copper coins were inappropriate for that purpose. Hence, they came to be called "Christian quatties". In 1839 an act was passed by Parliament declaring that as of December 31, 1840, only British coinage would be legal tender in Jamaica, demonetizing all of the Spanish coins, with the exception of the gold doubloon, valued at £3 4s. Coins in use were thus the farthing, penny, three halfpenny, sixpence, florin, half-crown, crown; the emancipation of the slaves in 1838 increased the need for coinage in Jamaica low denomination coins, but the blacks were still reluctant to use copper. The solution was to use cupronickel, adopted in 1869. Penny and halfpennies were minted for use in Jamaica, becoming the first Jamaican coins. Beginning in 1880, the farthing was minted in cupronickel.
In 1904, the Currency Notes Law was passed, “constituting a Board of Commissioners to issue notes called currency notes for the value of 10 shillings each,” although no such notes were issued at that time. This law was amended by Law 17 of 1918 which authorized “the issue of currency notes for such denominations as may be approved.” The Commissioners of Currency issued the first notes under these laws on 15 March 1920, in the denominations of 2 shillings 6 pence, 5 shillings, 10 shillings, with each note carrying the inscription that they were “Issued under the authority of Law 27 of 1904 & Law 17 of 1918.” Only these three smaller denominations were issued by the Board of Commissioners. In 1940, the government bank began producing £ £ 5 notes. In October 1960, the Bank of Jamaica was given the sole right to mint coins and produce banknotes in Jamaica, their notes were issued on May 1, 1961, in denominations of 5s, 10s, £1 and £5. On January 30, 1968, the Jamaican House of Representatives voted to decimalize the currency, introducing a new dollar worth 10s, divided into 100 cents.
At the time, coins of 1 cent, 5 cents, 10 cents, 20 cents and 25 cents were produced and banknotes of 50 cents, $1, $2, $10. These coins and banknotes went into circulation on September 8, 1969; the new Jamaican dollar differed from all the other dollars in the British West Indies in that it was a half-pound sterling.
The sol called a sou, is the name of a number of different coins, for accounting or payment, dating from Antiquity to today. The name is derived from the solidus, its longevity of use anchored it in many expressions of the French language. The solidus is a coin made of 4.5 g of gold, created by emperor Constantine to replace the aureus. Doing honour to its name, the new currency earns the reputation of unalterability, crossing unchanged the decline and fall of the Western Roman Empire, the great invasions and the creation of Germanic kingdoms throughout Europe. Facing a shortage of gold, a new "stabilization" is introduced by Charlemagne: from on the solidus no longer represents 1/12th of the Roman gold pound but 1/20th of the Carolingian silver pound instead; the sou itself is divided into 12 denarii and one denarius is worth 10 asses. But for rare exceptions, the denarius will in practice be the only ones in circulation. Charlemagne's general principle of 12 denarii worth one sol and of twenty sols worth one pound is kept with many variants according to the alloy used and the dual metal gold:silver sometimes used for some issues.
In fact, only members of the money changers corporation could find their way among the equivalences and the many currencies used in Europe at each period, therefore were unavoidable for many commercial operations. The name evolves. Solidus becomes soldus solt in the 11th century sol in the 12th century. In the 18th century the spelling of sol is adapted to sou so as to be closer to the pronunciation that had become the norm for several centuries. In 1795, the livre was replaced by the franc and the sou became obsolete as an official currency division; the term "sou" survived as a slang term for 1/20 of a franc. Thus the large bronze 5-centime coin was called "sou", the "pièce de cent sous" meant five francs and was called "écu"; the last 5-centime coin, remote souvenir inherited from the "franc germinal", is removed from circulation in the 1940s, but the word "sou" keeps being used. In Canada, the word "sou" is used in everyday language and means the division of the Canadian dollar; the official term is "cent".
The one cent coins have the vernacular name of "sou noir" and the 25 cents that of "thirty sous". "Échanger quatre trente sous pour une piastre" therefore means changing something for an identical thing, as the "piastre" is the common name for the Canadian dollar. In Switzerland, a hundred-sou coin is a five-Swiss-franc coin and a four-sou coin is a twenty-Swiss-centime coin; the word sou remains in informal language in the terms "ten, twenty... sous". Used for over a thousand years, the word "sou" is rooted in the French language and expressions. Les sous, plural, is a synonym for money. "Se faire des sous". «Une affaire de gros sous » is big money business. « Être sans le sou », « ne pas avoir sou vaillant », « n'a pas un sou en poche », « n'avoir ni sou ni maille »: "not having one penny", having no money at all. About one, always short of money or always asking for some, one says that « Il lui manque toujours 3 sous pour faire un franc ». Sometimes it is said "missing 19 sous to have one franc", with one franc worth 20 sous.
S. version: "he always needs a penny to have a round dollar". « Je te parie cent sous contre un franc », meaning "I am sure about". « Un sou est un sou », there is no small profit, equivalent to "a penny saved is a penny earned". « Sou par sou » or « sou à sou », little by little. "Être près de ses sous". « On lui donnerait cent sous à le voir », "one would give him 100 sous upon sight", for someone whose appearance inspires pity. « S'ennuyer « à cent sous l'heure » or « à cent sous de l'heure », being bored. When something is worth « trois francs six sous », it is cheap. « Un objet de quatre sous » is of lesser value, thus the "3 Groschen Opera from Brecht has become "l'Opéra de 4 sous". When one « n'a pas deux sous de jugeote », one "doesn't have an ounce of common sense". A « machine à sous » is a hole in the wall. "Le sou a sweetener for a buyer. « Pas ambigu/fier/modeste/courageux/... pour un sou » is "not at all ambiguous/proud/modest/courageous/...". Solidus Roman and Byzantine coinage Bezant Nomisma Hoxne Hoard Solidus and slash punctuation marks "Sou".
Encyclopædia Britannica. 1911
The Sudanese pound (Arabic: جنيه سوداني is the basic unit of the Sudanese currency. The pound consists of 100 piasters; 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 Sudanese pound is equivalent to $0.021. It has been pegged to the United States dollar since around 1984; 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 53 pounds 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 6.09 pounds to 18.07 pounds in the budget of 2018. The first pound to circulate in Sudan was the Egyptian pound; the late 19th century rebels Muhammad ibn Abdalla and Abdallahi ibn Muhammad both issued coins which circulated alongside the Egyptian currency. When Anglo-Egyptian rule in Sudan ceased on January 1, 1956 and Sudan became an independent country, a distinct Sudanese currency was created, replacing the Egyptian pound at par; the Egyptian pound was subdivided into 100 qirush. The qirsh used to be subdivided into 40 para, but decimalisation following the 1886 Egyptian currency reform established a 1/10 qirsh, which came to be known as a millim. Due to this legacy, the post 1956 Sudanese pound was divided into 100 qirush, subdivided into 10 millims.
During 1958-1978 the pound was pegged to the U. S. dollar at a rate of $2.87156 per Sudanese pound. Thereafter, the pound underwent successive devaluations; the pound was replaced in 1992 by the dinar at a rate of 1 dinar. While the dinar circulated in northern Sudan, in Southern Sudan, prices were still negotiated in pounds, whilst in Rumbek and Yei, the Kenyan shilling was used and accepted more within the transport sectors as well as for hotels/accommodation. According to the Comprehensive Peace Agreement between the government of the Republic of the Sudan and the Sudan People's Liberation Movement, the Central Bank of Sudan shall adopt a program to issue a new currency as soon as is practical during the Interim Period; the design of the new currency shall reflect the cultural diversity of Sudan. Until a new currency has been issued with the approval of the Parties on the recommendations of the CBOS, the circulating currencies in Southern Sudan shall be recognised; the second pound began introduction on 9 or 10 January 2007, became the only legal tender as of July 1, 2007.
It replaced the dinar at a rate of 1 pound = 1000 pounds. The third edition of the Sudanese pound was established on 24 July 2011 following the secession of South Sudan from the Republic of Sudan. For a wider history surrounding currency in the region, see The History of British Currency in the Middle East. In 1885, the Mahdi issued 20 qirush and gold 100 qirush; these were followed by issues of the Khalifa in denominations of 10 para, 1, 2, 2½, 4, 5, 10 and 20 qirush. These coins were minted in silver in 1885. Over the following eleven years, severe debasement occurred, leading to billon silver-washed copper and copper coins being issued; the coinage ceased in 1897. During 1908-1914, a local coinage was issued in Darfur in western Sudan; these were issued under the authority of resembled contemporary Egyptian coins. In 1956, coins were introduced in denominations of 2, 5 and 10 millim, 2, 5 and 10 qirush; the millim denominations were struck in bronze, whilst the qirush denominations were in cupro-nickel.
The 2, 5 and 10 millim were scallop shaped, although a round 5 millim was introduced in 1971. The 1 and 2 millim were last struck in 1969, the last 5 millim in 1978. In 1983, brass 1, 2 and 5 qirush, a reduced size 10 qirush and a cupro-nickel 20 qirush were introduced. In 1987, aluminium-bronze 1, 5, 10, 20, 25 and 50 qirush and 1 pound were introduced, with the 25 and 50 qirush square and octagonal in shape, respectively. In 1989, stainless-steel 25 and 50 qirush and 1 pound were issued; this is the general pattern, in addition to these coins there are collector-oriented issues and various oddities. See popular coin catalogues for details. See Sudanese dinar. Coins in denominations of 1, 5, 10, 20 and 50 qirush were introduced alongside the circulating dinar coins; the Central Bank of Sudan states that the 5 qirush coins are yellow coloured and the 10 qirush is silver coloured. The 20 and 50 qirush coins are bi-metallic, with the 20 qirush yellow ringed with a silver coloured centre and the 50 qirush the opposite.
This is thought to be in development. In April 1957, the Sudan Currency Board introduced notes for 1, 5 and 10 pounds. Note production was taken over by the Bank of Sudan in 1961. 20-pound notes were introduced in 1981, followed by 50 pounds in 1984 and 100 pounds in 1988.. When introduced on 8 June 1992, the Sudanese dinar replaced the first Sudanese pound at a rate of 1:10. In 2005, the National Public Rad