- BIST10011,577-1.87%
- USD49.58+0.05%
- EUR55.62+0.09%
- GOLD4,158.70+0.39%
- INTEREST37.00%-1.00
- BITCOIN84,634+2.04%
- October 21, 202617°
- BIST10011,577-1.87%
- USD49.58+0.05%
- EUR55.62+0.09%
- GOLD4,158.70+0.39%
- INTEREST37.00%-1.00
- BITCOIN84,634+2.04%
- October 21, 202617°
Sudanese pound hits record low as dollar tops 10,000 pounds
The Sudanese pound fell to its lowest level against the dollar in the parallel market, with the dollar reaching 10,120 pounds amid a liquidity crisis and rising importer demand for foreign currency.
The Sudanese pound fell on Wednesday to its lowest level against the U.S. dollar in parallel-market trading, with the dollar exceeding 10,000 pounds, traders said.
Traders said the dollar rose over two days from 9,000 to 9,500 pounds, then to 10,120 pounds on Wednesday. They attributed the increase to the continuing liquidity crisis in the markets and rising importer demand for foreign currency.
In the official market, the pound also declined, with the dollar trading at 4,850 pounds for buying and 4,886 pounds for selling at banks.
Sudan is facing rising prices for bread, flour and cooking gas, as well as fuel supply crises. Since April 2023, the Sudanese army and the Rapid Support Forces have been waging a war that has caused famine and displaced 13 million people, in one of the world's worst humanitarian crises.
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