The Sudanese pound …on the verge of collapse

Sudan Events – Rehab Abdullah

The value of the Sudanese pound declined significantly after losing a new additional value, which some experts described as a stage of collapse, as the price of the dollar in “unofficial” parallel market trading today (Tuesday) reached 850 pounds, while the selling price reached 880 pounds, and the purchase price of the Saudi riyal reached 210 pounds, while the selling price reached 215 pounds, and at a time when the price of the Qatari riyal reached 220 pounds, and its selling price reached 225 pounds.
The purchase price of the Egyptian pound reached 18 pounds, while the selling price reached 21 pounds, the price of the dirham reached 250 pounds, the selling price reached 255 pounds, and the purchase price reached 250 pounds.
The purchase of euro was 870 pounds, while the selling price was 890 pounds.
In his interview with (Sudan Events), banking expert Dr. Muhammad Abdel Aziz attributed the deterioration of the value of the Sudanese pound to the weakness of the policies of the Central Bank of Sudan, as well as the deterioration of security and political conditions, and the outbreak of war since April 15 of the current year 2023. He called on the Central Bank to take urgent measures to reform the exchange rate. At a time when observers warned that the price of the dollar would reach more than a thousand pounds.