Wise Business vs Airwallex Business: Which is better for your Business?
Choosing the right business account can significantly impact how you manage your finances. We’re…
The Sudanese Pound (SDG) is the official currency of Sudan and is issued by the Central Bank of Sudan. It was introduced in 2007, replacing the Sudanese Dinar following the signing of the Comprehensive Peace Agreement. The currency was initially well-received, but due to economic instability, inflation, and political turmoil, the pound has experienced significant depreciation. The Sudanese economy has been heavily impacted by sanctions, political conflict, and the secession of South Sudan in 2011, which led to a substantial loss of oil revenue. The Sudanese Pound is subdivided into 100 piastres. Despite ongoing economic reforms, high inflation remains a major challenge for the stability of the SDG.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.