Sudanese pound hits record low
There has been a significant decline in the value of the Sudanese pound against the dollar, reaching its lowest level at 10,000 pounds in the parallel market, due to the ongoing war that has led to the displacement of millions of Sudanese people, reduced production, and increased imports. Although the official exchange rate remains at 4,200 pounds, the parallel market has experienced a sharp drop, with the customs dollar rate rising to over 5,600 pounds. This economic deterioration and gold smuggling are further worsening citizens' suffering, as prices soar and basic commodities become scarce.
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