The Sudanese pound has fallen sharply as foreign currency prices continue to rise in Sudan’s parallel exchange market, particularly in Khartoum.
Currency traders said the US dollar reached a record selling price of around 6,200 Sudanese pounds on Thursday.
Despite the sharp rise in the parallel market, commercial banks kept their official exchange rates unchanged.
Limited foreign currency supplies and rising import costs continue to put pressure on the Sudanese pound and weaken its purchasing power.
Other major currencies also gained against the pound, with the Saudi riyal and the UAE dirham posting notable increases in the parallel market.
The euro climbed above 7,000 Sudanese pounds, while the British pound rose past 8,200.
Banks, including the Bank of Khartoum, maintained official dollar exchange rates between 3,550 and 3,576 Sudanese pounds.
Economists warn that the growing gap between official and parallel market exchange rates could fuel inflation and deepen economic instability.
The continued loss of confidence in the national currency is adding to the challenges facing Sudan’s already fragile economy.
