Sudan to get new currency after South split

Associated Press
Sudanese men wear the national flag during a celebration of Sudan's separation from South Sudan in the Sudanese capital of Khartoum, Saturday, July 9, 2011. South Sudan raised the flag of its new nation for the first time Saturday, as thousands of South Sudanese citizens and dozens of international dignitaries swarmed the new country capital of Juba to celebrate the country's birth. U.N. Secretary-General Ban Ki-moon, former U.S. Secretary of State Colin Powell and dozens of other world leaders were in attendance under a blazing sun as South Sudan President Salva Kiir hosted the noon-hour ceremony. Sudan President Omar al-Bashir, a deeply unpopular man in Juba, arrived to a mixture of boos and surprised murmurs.(AP Photo/Abd Raouf)
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KHARTOUM, Sudan (AP) — Sudan's president says his country will issue a new currency following the loss of oil revenues resulting from South Sudan's independence last week.

Omar al-Bashir also told the National Assembly in Khartoum that his government will work with the newly independent South Sudan to resolve outstanding issues.

South Sudan became officially independent from the north on July 9, breaking away after more than 50 years of on-and-off war.

More than 75 percent of what was Sudan's daily oil production comes from the South, though there are no refineries there and the South has to send oil exports through the north.

The two nations are still at odds over an oil-rich border region. Al-Bashir says such issues would be resolved through "mutual respect."

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