Increased departures from the country weaken Sudanese pound ...Sudan

February 20, 2024 (PORT SUDAN) – The Sudanese pound’s decline against foreign currencies continues, fueled by rising immigration and a weakening economy. Citizens’ demand for dollars, particularly for those seeking to leave the country due to the ongoing war and economic hardship, is placing further pressure on the currency. While the Central Bureau of Statistics hasn’t published inflation data since February 2023, which stood at 63% then, the World Food Programme expects it to remain “above 300%.” Traders in the parallel market quoted a dollar price of 1,300 pounds and a Saudi riyal exchange rate of 330 pounds. They attribute this rise to the increased demand for these currencies, especial

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Last updated : 21 February 2024 clock 02:56 PM

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Increased departures from the country weaken Sudanese pound ...Sudan

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