War-torn Sudan sees pound plunge, Dollar soars past 2,100 ...Sudan

sudantribune - Local News

July 14, 2024 (PORT SUDAN) – The Sudanese pound continued its downward spiral against foreign currencies, exacerbating the financial strain on millions of Sudanese who have lost most of their income due to the ongoing conflict. Dealers in the parallel market informed Sudan Tribune on Sunday that one dollar was exchanged for 2,100 pounds, while the Saudi riyal fetched 560 pounds and the UAE dirham traded at 572 pounds. The continuous decline in the national currency’s value has been attributed to the increased demand for foreign currencies, particularly the dollar and the riyal, amidst a scarcity of supply. A black market dealer revealed that the pound’s instability led him to cease operatio

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Last updated : 15 July 2024 clock 02:17 AM

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War-torn Sudan sees pound plunge, Dollar soars past 2,100 ...Sudan

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