The Value of the Sudanese Pound Continues to Deteriorate
Sudan Events – Nahed Oshi
The trading of the Sudanese pound against foreign currencies has witnessed a successive deterioration since the outbreak of war in Sudan, and the exchange rates in the official and parallel markets have almost reached
The exchange rate of the dollar in the Bank of Khartoum was 1,035 pounds, and in the Bank of Omdurman it reached 1,050 pounds, and it also stabilized in Faisal Bank at 1,100 pounds.
In the parallel exchange market, the price of the US dollar reached 1,180 pounds for sale and 1,175 pounds for purchase
The Saudi riyal recorded 315 pounds, the Emirati dirham 320 pounds, and the Qatari riyal 318 pounds.
Economists attributed the continued deterioration of the value of the Sudanese pound to the increased demand for foreign exchange, the weakness of the local economy, the political crisis, and the war that has lasted for nearly ten months, describing the current Sudanese economic situation as chaotic, as it suffers from instability, insecurity, the mass displacement of many citizens, and the cessation of most economic activity.
