A historic decline in the value of the Sudanese Pound

The Sudanese pound recorded unprecedented levels of decline compared to foreign currencies, while experts speculated that due to the ongoing war, the destruction of the Sudanese economy and infrastructure, in addition to the cessation of production, the Sudanese pound will continue its decline, reaching record levels.

A currency trader who preferred to conceal his identity told “Assayha” that the exchange rate for the U.S dollar recorded (1,960) pounds for sale and (1,940) for purchase, while the euro reached (2,086) for purchase, the Egyptian pound reached (57) pounds, and the British pound (Sterling) reached (2,455) pounds.

Gulf currencies recorded a noticeable increase at the expense of the Sudanese pound on the Parallel Market, as the Saudi riyal exchange rate reached (517) pounds, (528) pounds for the Emirati dirham, (532) pounds for every Qatari riyal, (5,105) pounds for every Omani riyal, (5,146) pounds for every Bahraini dinar, and (6,250) pounds. For every Kuwaiti dinar.

Experts who spoke to “Assayha” predicted a steady increase in the prices of hard currencies at the expense of the Sudanese pound, which has continued to decline in value since the war in Sudan broke out, leading to a continuous state of increase in the prices of strategic and basic goods.