Sudan Pound Drops Below 9,000 per Dollar
The Sudanese pound has crashed below 9,000 per dollar on parallel markets, triggering widespread shop closures and a spike in food prices. The economic strain is now forcing major mining companies to threaten production halts, while stark exchange rate gaps between Darfur and the capital highlight the fragmented nature of the currency shortage.
Fresh data indicates a severe regional disparity in the currency crisis, with dollar rates in Nyala trading at half the price seen in Khartoum. Meanwhile, twenty-three mining firms have issued a warning that they may suspend operations by October 1st, citing central bank purchase prices that no longer cover soaring operational costs.
Source: ua.newsThe Sudanese pound lost half its value in three months, trading above 9,000 per US dollar on parallel markets as war-driven shortages close shops.
Source: aawsat.com
