The Sudanese pound has been rapidly deteriorating since 3 months, as its value has decreased by more than 100 percent against the dollar, whose price in the parallel market reached 130 pounds, while the official price in the central bank is 55 pounds.
The depreciation of the Sudanese pound against the dollar over the past period was reflected in the prices of basic and necessary commodities, which rose by up to 500 percent, which increased the suffering of citizens in living.
While fears prevail that the Sudanese pound will witness a further deterioration during the coming period, in light of the weak reserves of the Central Bank of foreign exchange and fixed production of gold and agriculture, the Sudanese Central Bank revealed arrangements that the bank is currently making to stop this currency deterioration so as not to collapse.
The central bank will go to regulating the gold market, exporting it, and ensuring that its revenues reach the central bank. There are also campaigns against currency trading that resulted in the freezing of the accounts of about 100 illegal currency dealers.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
