Pound slump and bank closure disrupt Khartoum markets
The crisis of the Sudanese pound's collapse and the disruption of the "Bankk" app service directly impact the market in Khartoum State, leading to a severe stagnation characterized by a decline in purchasing power and rising prices of basic goods. The dollar has surpassed 7,300 pounds in the parallel market, causing a surge in commodity prices, such as a sack of sugar reaching 320 pounds, along with other staples like flour and lentils, and increased prices for vegetables such as tomatoes and potatoes. Additionally, repeated technical failures of the "Bankk" app have hindered trading activities, as merchants and consumers suffer from a shortage of liquidity and difficulties in completing electronic transactions. This has added further pressure on the market and reflects the worsening economic conditions in Sudan since the outbreak of war in April 2023.
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