Sudanese Monetary Unit (Noun)
Meaning
Monetary unit in the Sudan.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Sudanese monetary unit replaced the Egyptian pound in 1957 as the official currency of Sudan.
- Prior to the introduction of the new Sudanese monetary unit in 2011, the country had faced significant economic challenges.
- The exchange rate between the old and new Sudanese monetary unit was set at a rate of 1 to 100.
- In 2011, Sudan introduced a new Sudanese monetary unit to replace the Sudanese dinar as part of a major economic reform.
- The Sudanese monetary unit has been subject to volatility and inflation since its revaluation in 2011.