US dollar exceeds “2,000” Sudanese
pounds in exchange rates
The US dollar crossed the 2,000 Sudanese pounds barrier in the parallel market due to the government’s increasing demand in purchasing dollars from the parallel market.
The price of the Sudanese pound recorded unprecedented levels of decline against foreign currencies, which naturally led to doubling the prices of basic commodities in the Sudanese markets amid an escalating humanitarian crisis that resulted from the ongoing war between the Army and the Rapid Support Forces.
Banking sources told “Assayha” that orders were issued by the Army Command to the concerned authorities to provide large sums of US dollars and foreign currencies to cover the purchase of weapons, ammunition and military equipment.
The sources expected the continued increase in foreign currency prices and the decline of the Sudanese pound due to the trade imbalances, the cessation of exports and their decline to record levels, and the failure of the agricultural season, leading to catastrophic scenarios.
The sources indicated that the government had a significant impact on the increase in the price of US dollar, due to becoming one of the largest buyers of foreign currencies through purchases made on the parallel market.
