Finance minister links falling Sudanese pound to military spending, war ...Sudan

February 26, 2024 (PORT SUDAN) – Finance Minister Gibril Ibrahim attributed the decline in the Sudanese pound’s value to several factors, including rising military spending and a decrease in government revenue from war efforts. He revealed that war-related income had fallen to less than 20% due to the ongoing conflict. The value of the local currency has plummeted by more than 100%. Before the war between the army and the Rapid Support Forces erupted on April 15, 2023, one dollar was exchanged for 570 pounds. Nowadays, the exchange rate exceeds 1,200 pounds, fueling a rise in the cost of goods and services. At a press conference in Port Sudan, the Finance Minister stated, “Military war obli

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Last updated : 27 February 2024 clock 02:13 PM

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Finance minister links falling Sudanese pound to military spending, war ...Sudan

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