Dabanga Sudan — The value of the Sudanese Pound (SDG) against foreign currencies continues to deteriorate rapidly. On Wednesday, the US Dollar exchange rate in the parallel market surged to SDG2,100, marking a 13 percent loss in value since early June. The USD rate in the Bank of Khartoum reached almost SDG1,854.
Economic analyst Ahmed Ibn Omar explained that the official exchange rate rose from almost SDG1,265 on June 1, to SDG1,854 by July 10. “Meanwhile, the parallel rate started at SDG1,860…
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