Salamati Dinar

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Salamati Dinar
دينار سلاماتي
ISO 4217
Unit
PluralDinara
Symbol
Denominations
Subunit
 1/100Bini
Plural
 BiniBinat
Symbol
 Bini¢
Banknotes
 Freq. used₫200, ₫500, ₫1000, ₫2000, ₫5000, ₫10000
 Rarely used₫10, ₫50, ₫100
Coins
 Freq. used₫5, ₫10, ₫20, ₫50, ₫100, ₫200
 Rarely used10¢, 20¢, 1/4₫, 50¢, 1/2₫, ₫1, ₫2
Demographics
Date of introduction26 May 1970
User(s) Salamat
Issuance
Central bankCentral Bank of Salamat
 Websitecbanksalamat.sl

The dinar (Arabic : دينار, currency symbol : SD, ISO 4217 code : SLD) is the monetary currency of Salamat and it is subdivided into 100 binat. Binat are now obsolete due to their extremely low value.

History

The Salamati Dinar was introduced on May 26 1970, replacing the Riamese hull which was the currency of Salamat for more than 140 years.

Coins

In 1970, the the coin denominations of 10 binat, 20 binat, 50 binat, 1 dinar, 2 dinara, 5 dinara and 10 dinara were introduced, with the 10 binat, 20 binat and 50 binat coins being struck in aluminium, 1 dinar and 2 dinara coins in cupronickel and 5 and 10 dinara coins in aluminium bronze. The obverse showed the value in both Standard arabic numerals and East arabic numerals, and the reverse showed the coat of arms of Salamat and the date of minting in Gregorian year and Hijri year. A second series was introduced in 1981, with new fractioned dinar coins in aluminum , and a new aluminium bronze 20 dinara coin. The 10 binat, 20 binat and 50 binat became obsolete. A third series was introduced in 1988, following the failure of Al Kharrabi's economic plan which brought economic stagnation and inflation, with new 1 dinar, 2 dinara, 5 dinara, 10 dinara, 20 dinara, 50 dinara and 100 dinara coins. The goverment introduced a bimetallic 200 dinara coin in 1991 due to demand and the binat were deemed obsolete in 1992.

Coins in general circulation are 5 dinara coins and higher. Lower value coins (10 binat, 20 binat, 50 binat minted between 1970 and 1981, 1/4 dinar and 1/2 dinar minted between 1981 and 1988 and 1 dinar and 2 dinara coins minted between 1970 and 2000) are deemed obsolete by the government, and these coins aren't accepted for transactions (except rare cases). All prices are rounded to the nearest 5 dinara.

Banknotes

The first series of banknotes issued in 1970 contained banknotes in denominations of 10, 50, 100 and 200 dinara. 500, 1000 and 2000 dinara banknotes were added in the second series in 1981, 5000 dinara banknotes in the third series of 1988 and 10000 dinara banknotes in 2000 as a part of the fourth series.

First series
Image Value Main Colour Description Date of
Obverse Reverse Obverse Reverse printing issue
10 SD Blue Ferry Hani lighthouse 12 February 1970
50 SD Orange Beach Farmers in mountainous area 14 January 1970
100 SD Purple Tractor Cornucopia 24 October 1969
200 SD Red Mosque Abd Al Fattah Al Salimat 4 December 1969
Second series
50 SD Red Berber Village Salamati Destroyer 23 February 1980
100 SD Green Ancient Jewish Synagogue of Al Khalma, Ramzuzi Province Flowers in a field 13 March 1980
200 SD Orange Decorative Quranic motifs and symbols, mosque, olive and fig branches Traditional Quranic school and Kalam 18 May 1980
500 SD Pink and red Globe, Salamsat-1 (Salamat's first satellite) Satellite dishes in the savannah 1 July 1980
1000 SD Blue Prehistoric paintings (maybe from Hazuz cave?) Solar Eclipse 29 June 1980
2000 SD Blue and Red Grand mosque of Dar Al Hamma Jalil Al Kharrabi's portrait 14 September 1980
2000 SD Purple and green Globe, Salamsat-1 in space, Moon and the inscription "!سلامات أفضل بلد" (Salamat is the best country!) at the bottom. Wheat fields, Oued Hamma, smiling farmers 20 April 1980
Third series
100 SD Green Bonfire in a forest, three men around the fire Rai singer in a studio 20 August 1987
100 SD Blue and red Shooting of a Riamese admiral Value 16 September 1987
200 SD Pink Mountains and a rising sun Farmer in a tractor 28 July 1987
500 SD Yellow Salamati Army in action Airplane taking off 24 September 1987
1000 SD Brown View of Dar Al Hamma Palm trees and sea 1 September 1987
2000 SD Orange Masses of Salamat A man reading the Salamati Constitution 15 October 1987
5000 SD Yellow and green Portrait of Jalil Al Kharrabi smiling Oil wells and workers in a mine 4 September 1987
Fourth series
200 SD Blue View of Sidi Ghalmat Sunset on a beach 12 May 1999
200 SD Pink and brown Al Wiqumi waterfalls Wheat fields 4 July 1999
500 SD Red Man reading the Qur'an Mosque 6 August 1999
1000 SD Orange and green Rocket launch Factories in the Dar Al Hamma Industrial Zone 10 November 1999
1000 SD Orange and pink Hayyum sea resort 2 berber women holding corn in their hands 15 September 1999
2000 SD Green Port of Hani Market with fishes and fruits 4 November 1999
5000 SD Purple 4 scientists observing something in a microscope, double helix, outline of Salamat Palm trees, satellite eclipsing the Sun and a smiling woman 22 October 1999
10000 SD Pink Revolutionary fighters of the Salamati Independence War ; Jalal Ahmed, Ali Al Mahlumi, Salim Abu Sajid, Mohammed Al Khariji, Ryad Filani, Fares Jadidin, Majid Muhammad Great Mosque of Dar Al Hamma and the Monument for the Martyrs of Independence in the background 1 October 1999

Note : Most of the banknotes featuring the portraits of Jalil Al Kharrabi were removed from the circulation and replaced by brand new banknotes.

Exchange rate

May 30 1970 : 1 ACU = 2.59 SD
June 13 1983 : 1 ACU = 9.04 SD
March 29 1990 : 1 ACU = 84.38 SD
October 18 1998 : 1 ACU = 104.21 SD
September 20 2005 : 1 ACU = 124.12 SD
May 11 2014 : 1 ACU = 157.98 SD
November 27 2018 : 1 ACU = 179.25 SD
Now : 1 Salamati Dinar = 0.0053 ACU and 1 ACU = 188.6 Salamati Dinara.