Sudan Pound Falls to New Low

The Sudanese pound has fallen to its lowest level at 10,000 pounds per dollar in the parallel market, representing a sharp decline of 60% in recent months due to the worsening economic crisis and the ongoing war since April 2023. Although the official rate remains at 4,200 pounds per dollar, the parallel market reflects a state of financial collapse, with citizens struggling to access basic goods because of the exchange rate volatility and increased demand for imports. The continued conflict has led to a reduction in the production of key sectors and exacerbated the monetary crisis, with the customs dollar rate exceeding 5,600 pounds, while the Sudanese currency prior to the war was about 600 pounds.

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