Sudanese Pound ‘Collapses’ Against Hard Currencies As CBOS Limits Bank Transfers

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[Dabanga] Khartoum — The Sudanese Pound (SDG) has recorded an ‘unprecedented collapse’ against foreign currencies in the parallel market, as the Dollar sold for more than SDG900. The Bank of Khartoum was quoting SDG635 for the greenback on Tuesday. Online rates monitor Xe.com quotes SDG600 to the Dollar, however that rate has changed little since the outbreak of the current hostilities in April this year. The Central Bank of Sudan (CBoS) has limited transfers from both regular and ‘privileged’ accounts.

 

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