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Edition: U.S. Article Comments (0) Full Focus Photos of the week Our top photos from the past week. Full Article Follow Reuters Facebook Twitter RSS YouTube Read 6 dead, 4 injured in Texas roller rink shooting 3:03am EDT Norway mourns victims of anti-Islam "Crusader" | 10:54am EDT Customers angry, staff defiant at China's fake Apple Store 22 Jul 2011 Officials scramble for debt deal as clock ticks 11:18am EDT At least 32 die in east China high-speed train crash 23 Jul 2011 Discussed 199 Senate group offers $3.75 trillion deficit cuts 143 New plan offers hope for progress in debt talks 87 Big debt deal gains traction amid chaotic efforts Watched Amy Winehouse body removed from London home. Sat, Jul 23 2011 Scrambling for a debt deal Sat, Jul 23 2011 'Saint Fidel?' Chavez jokes Sat, Jul 23 2011 Sudan currency move heightens differences with South Tweet Share this Email Print Factbox Factbox: The life and times of Amy Winehouse Sat, Jul 23 2011 Related News Car bomb in Yemen's Aden kills 9 soldiers, injures 21 7:38am EDT UAE interbank offered rates at new 7-year low 6:50am EDT Fitch calls default, Greece pledges no let-up on debt Sat, Jul 23 2011 Rebel leader killed in South Sudan Sat, Jul 23 2011 Analysis & Opinion In all, News Corpâ€™s papers could be worth $6 bln Three questions the Greek debt summit must answer Related Topics World » A person counts after receiving the new Sudanese currency from a cashier at a branch of the central bank of Sudan in Khartoum July 24, 2011. Credit: Reuters/ Mohamed Nureldin Abdallah By Ulf Laessing KHARTOUM | Sun Jul 24, 2011 10:59am EDT KHARTOUM (Reuters) - Sudan began circulating a new currency on Sunday, days after the newly independent south issued its own new money, in a move likely to heighten differences over handling the economic fallout from the split. South Sudan, which became Africa's newest nation on July 9, began circulating its new pound on Monday, pegging it one-to-one with Sudan's existing pound. Sudan's central bank said on Sunday it had started circulating 6 billion pounds to gradually replace 11 billion old pounds. It has previously said the exchange would last up to three months. Analysts say it is crucial for both countries to coordinate to avoid turmoil but so far no deal has been reached with the south over what to do with the estimated 1-1.5 billion old pounds circulating there. The central bank said the north remained open for more talks, but if they came to nothing it would speed up replacing the existing currency as a precautionary measure so the old notes traded in the south would be worthless in the north. "We will undertake all precautionary measures to protect the Sudanese economy, and I hope that we will reach an satisfactory agreement for both sides regarding the pound circulating in the south," Deputy Governor Badr al-Din Mahmoud said in a statement. Assistant central bank governor al-Nur Abdelsalam el-Helu earlier said the north would not allow the import of old pounds circulating in the south. In a separate statement, the central bank said it had poured more than $500 million in the financial system in July, adding it would continue to provide hard currency needed for imports and travel needs. But on the black market in Khartoum the pound has been falling for weeks as economists say foreign currency inflows for imports will decline along with falling oil revenues. On Sunday, on the black market a dollar bought 3.4 or more Sudanese pounds, well above the official rate of almost 2.7. The old pound has also fallen in the south on worries the old notes will be worthless. The north lost about 75 percent of Sudan's 500,000 barrel-a-day oil output with southern independence under a 2005 peace deal that ended decades of civil war. Khartoum, which also suffers from a U.S. trade embargo, will get transit fees as the south needs northern refineries and the only port to sell the oil but these are likely to be lower than the current 50-50 split. Analysts say the north might use the fate of the old Sudanese pounds circulating in the south as a bargaining tool in talks how to divide oil revenues, other assets and debt. Apart from the economic issues, Sudan and the south have yet to end tensions and violence along parts of their border. (additional reporting by Maaz Al-Nugomi; Editing by David Cowell and Elizabeth Fullerton) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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