South Sudanese pound

South Sudanese pound
ISO 4217
Code SSP
Denominations
Subunit
 1/100 piaster
Banknotes 5, 10, 25 piasters,[1] 1, 5, 10, 20, 25, 50, 100 pounds
Coins 10, 20, 50 piasters, 1, 2 pounds[2][3]
Demographics
User(s)  South Sudan
Issuance
Central bank Bank of South Sudan[4]
Valuation
Inflation 52.8%
 Source https://www.cia.gov/library/publications/the-world-factbook/geos/od.html

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.[5] It was introduced on 18 July 2011, and replaced the Sudanese pound at par.[6]

Banknote designs

The banknotes feature the image of John Garang, the deceased leader of South Sudan's independence movement.[7]

Six different denominations (1, 5, 10, 25, 50 and 100 pounds) in the form of banknotes have been confirmed, and five denominations (1, 5, 10, 25 and 50 piasters) will be issued in the form of coins.[8][9]

Three new banknotes for 5, 10, and 25 piasters were issued 19 October 2011.[10]

The first circulation coins of the South Sudanese pound denominated in 10, 20, and 50 piasters were issued July 9, 2015, on occasion of the fourth anniversary of independence from Sudan.[11]

In 2016, the Bank of South Sudan issued a 20 South Sudanese pound banknote to replace the 25 South Sudanese pound banknote.[12]

As part of a currency redesign to reduce confusion, a 1 Pound coin was released to replace the 1 Pound banknote, and a coin for 2 Pounds has also been released at the same time as the 1 Pound coin.[13][14] The 10, 20 and 100 pound notes were all redesigned.[13]

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 with the denominations of 200, 500 and 1,000 pounds.[15]

Banknotes of the South Sudanese pound
Value Obverse Reverse Watermark
5 South Sudanese piasters Dr. John Garang de Mabior Ostrich The Flag of South Sudan in repeated rows and Dr. John Garang de Mabior on the right front of the note
10 South Sudanese piasters Dr. John Garang de Mabior Kudu The Flag of South Sudan in repeated rows and Dr. John Garang de Mabior on the right front of the note
25 South Sudanese piasters Dr. John Garang de Mabior River Nile The Flag of South Sudan in repeated rows and Dr. John Garang de Mabior on the right front of the note
1 South Sudanese pound Dr. John Garang de Mabior Giraffes Dr. John Garang de Mabior and an electrotype 1
5 South Sudanese pounds Dr. John Garang de Mabior Sanga cattle Dr. John Garang de Mabior and an electrotype 5
10 South Sudanese pounds Dr. John Garang de Mabior Buffaloes; pineapple Dr. John Garang de Mabior and an electrotype 10
20 South Sudanese pounds Dr. John Garang de Mabior Oryx antelopes; oil derrick Dr. John Garang de Mabior and an electrotype 20
25 South Sudanese pounds Dr. John Garang de Mabior Oryx antelopes; oil derrick Dr. John Garang de Mabior and an electrotype 25
50 South Sudanese pounds Dr. John Garang de Mabior Elephants Dr. John Garang de Mabior and an electrotype 50
100 South Sudanese pounds Dr. John Garang de Mabior Lion; waterfall Dr. John Garang de Mabior and an electrotype 100

Coins

Coins denominated 10, 20, and 50 Piasters were put into circulation on 9 July 2015 (South Sudanese Independence Day).[16] As of 2016, South Sudan's coins are being struck at the South African Mint.[14]

Bimetallic coins denominated 1 Pound and 2 Pounds has been put into circulation during 2016.[13]

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:[17]

References

  1. ↑ South Sudan new piaster notes confirmed. Banknote News. Retrieved 2011-11-17.
  2. ↑ New issues World Bi-Metallic Coin News (www.worldbcnews.com). Retrieved on 2015-07-08.
  3. ↑ South Sudan 2015 - New coin family World Coin News (worldcoinnews.blogspot.com). July 9, 2015. Retrieved on 2015-07-09.
  4. ↑ Adaku Samuel. "South Sudan To Issue New Currency On July 9". Juba Post. Retrieved 10 July 2011.
  5. ↑ SSLA endorses national anthem and coat of arms. 26 May 2011 Archived July 31, 2011, at the Wayback Machine.
  6. ↑ South Sudan Pound released July 18 Archived January 25, 2012, at the Wayback Machine.
  7. ↑ "South Sudan pound to be launched next week". BBC News. 11 July 2011. Retrieved 11 July 2011.
  8. ↑ South Sudan Pound to be released by Monday - Government of South Sudan official website. Published 12 July 2011. Retrieved 13 July 2011.
  9. ↑ South Sudan issued new pound notes 18 July 2011, BanknoteNews.com. Retrieved on 2011-09-05.
  10. ↑ Linzmayer, Owen (2012). "South Sudan". The Banknote Book. San Francisco, California: Banknote News.
  11. ↑ World’s Newest Country Issues Circulation Coins on National Independence Day Coin Update (news.coinupdate.com). July 10, 2015. Retrieved on 2015-07-13.
  12. ↑ South Sudan new 20-pound note (B111) confirmed BanknoteNews.com. April 22, 2016. Retrieved on 2016-04-22.
  13. 1 2 3 Ofori-Atta, Prince. "South Sudan introduces new bank notes | East & Horn Africa". www.theafricareport.com. Retrieved 2016-10-31.
  14. 1 2 "2 Pounds 2016, South Sudan | Catalog | CoinBrothers". coin-brothers.com. Retrieved 2016-10-31.
  15. ↑ "S. Sudan bank governor denies introducing new bank note". Sudan Tribune. 26 November 2016. Retrieved 27 November 2016.
  16. ↑ "South Sudan government to introduce coins on Independence Day". Sudan Tribune. 2015-07-08. Retrieved 2015-08-04.
  17. ↑ "World's Newest Country Issues Circulation Coins on National Independence Day | Coin Update". news.coinupdate.com. Retrieved 2016-10-31.
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