Sudanese pound crash highlights crisis

A historic collapse of the Sudanese pound records its lowest level against the dollar, with the exchange rate in the parallel market reaching around 5,500 pounds. This decline is fueled by eroded confidence in the national currency due to ongoing wars, financial imbalances, and the absence of effective economic management. The situation worsened further after the customs dollar rate was increased to 3,517 pounds, threatening to drive up inflation and living costs. Overall economic deterioration reflects a lack of clear visions and the dominance of speculators. Experts warn that this collapse could lead to the currency losing its function and exacerbate the humanitarian crisis, with rising risks of famine and increasing poverty rates.

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