The Sudanese pound has continued its steep decline against foreign currencies, with parallel-market dealers reporting that the currency has fallen beyond 5,000 pounds to the U.S. dollar amid heavy speculation and a deepening shortage of hard currency.
According to market sources cited by Al-Rakoba, the Egyptian pound was also trading at around 101 Sudanese pounds, reflecting growing pressure across informal exchange markets.
Dealers warned that the upward pressure on foreign exchange rates could continue until August, citing strong demand for dollars, limited supply, and intensifying speculation as businesses and individuals seek to protect themselves from further losses in the local currency.
The latest decline comes as Sudan’s war-battered economy faces severe disruption, rising import costs, fuel and electricity shortages, and weakening confidence in the banking system. The widening gap between official and parallel-market exchange rates has added further pressure on prices, worsening living conditions for millions of Sudanese already struggling with inflation and shortages of basic goods.
While official and bank rates remain significantly lower than parallel-market levels, recent reports indicate that informal transactions and external transfers have been moving at far higher rates, underscoring the depth of Sudan’s currency crisis.
