Sudan’s pound plunged to a new record low against foreign currencies on the parallel market, deepening pressure on already soaring prices as traders held back hard currency amid growing uncertainty.
Currency dealers told local outlet Al-Saiha that the dollar had passed 6,000 Sudanese pounds on the black market, with severe shortages reported as traders increasingly refused to sell foreign currency in exchange for the rapidly weakening pound.
One dealer, speaking on condition of anonymity, said the sharp rise was driven by heavy demand for imports and the failure of repeated attempts to contain the surge in the dollar and other foreign currencies.
The collapse has quickly fed into basic commodity prices, with residents reporting steep increases across local markets and warning of worsening shortages. Some described the situation as an undeclared famine taking hold in parts of the country.
The price of a gallon of petrol has reportedly exceeded 40,000 pounds, while a kilogram of sugar has reached 5,000 pounds. Meat has jumped to around 50,000 pounds per kilogram, and the price of a single piece of bread has risen to 350 pounds.
Sudan’s economy has been battered by nearly three years of war, mass displacement, shrinking production, disrupted trade routes and the breakdown of state institutions, leaving millions exposed to hunger as the currency continues to lose value.
