Experts warn of an impending economic catastrophe as the US dollar value rise significantly

The dollar exchange rate against the Sudanese pound on the parallel market has exceeded (3,200 Sudanese pounds), recording a historic value as a result of the incessant financing of the war that has been raging since (April 2023).

The Saudi riyal recorded a value of (800 pounds), even though its value maxed at (670 pounds) during the previous period. The Emirati dirham reached (817 pounds), the British pound reached (4,000 pounds), whilst the Euro recorded a value of (3,485 pounds), and the Egyptian pound reached (65 pounds) in exchange.

At this juncture, traders and parallel market dealers expect a continued rise in foreign currency prices due to the growing demand from official bodies, importers, businessmen, and individuals aiming to cover basic and necessary needs.

Furthermore, economic experts warned of the continued decline of the national currency and the expected disastrous effects on citizens and the economy, including the rising prices of goods and services amidst the horrendous suffering befalling the Sudanese people compound with the crushing inflation destroying the country.