The value of the Sudanese Pound breaks the record for the fall in value due to the war

The value of the Sudanese Pound breaks the record for the fall in value due to the war

Sep 25, 2023 - 13:32
The value of the Sudanese Pound breaks the record for the fall in value due to the war
The value of the Sudanese Pound breaks the record for the fall in value due to the war


  The Sudanese pound yesterday on Sunday broke the record of falling value in front of foreign currencies, registering the lowest exchange rate of 880 pounds for every one US dollar. A foreign currency trader in the capital Khartoum has told the Xinhua news agency that, yesterday Sunday, every dollar of the United States was bought for 880 pounds and sold for 885 Sudanese pounds, the lowest level of the value of the pound. On April 14, ie before the start of the war between the military generals in Sudan, one US dollar was bought for 607 Sudanese pounds. The businessman has said that, all the signs show that the currency of Sudan will continue to fall in front of foreign currencies due to the negative effects of the war and the failure of the government to provide funds for the import of goods and services from abroad due to all the money being used in matters of war and fighting of competing for power between the military generals.

The battle for power between the military generals in Sudan continues to destroy the country on all sides. Economic experts warned long ago that the war between the Sudanese Army (SAF) and the Rapid Support Forces (RSF) will greatly worsen the Sudanese economy and collapse. currency of that country. Zuhair Al-Bakri, an analyst of Sudan's economic affairs says: "The continued collapse of the value of the Sudanese pound in front of foreign currencies is an indicator of the collapse of the country's economy. Another expert in Sudan's economic affairs, Adil Mahjoub, predicted from a long time ago that the value of the Sudanese pound may exceed one thousand per dollar within the next two months, unless the Central Bank takes decisive action.