11 Hrs
Source:
عربية – DW
Iranian conflict impacts Sudanese economy
Sudan is facing a worsening economic crisis manifested by rising dollar prices and the deterioration of the Sudanese pound's value, leading to increased prices for basic goods and reduced purchasing power for citizens. Additionally, the electronic banking applications, such as "Bankak," have ceased to operate, hindering daily buying and selling transactions. The ongoing civil war, regional tensions—especially in the Red Sea—and internal unrest have contributed to economic decline and increased demand for foreign currencies. The market is suffering from liquidity shortages and currency counterfeiting, further weakening confidence in the national currency and causing noticeable price hikes. This situation directly impacts people's daily lives, from transportation and bread to essential services, highlighting the urgent need for economic measures to stabilize the market, stabilize the currency, and achieve economic stability.
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