Sudanese Pound Hits New All-Time Low

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[Dabanga] Khartoum — The Sudanese Pound (SDG) continues its nosedive against foreign currencies, attributed by traders and economists to an increase in demand for the US Dollar. The greenback was trading for SDG950 on the parallel market on Tuesday, while the official USD rate quoted by the Bank of Khartoum jumped to SDG710, and Omdurman National Bank quoted SDG750. This represents an increase of SDG10 from Monday and a rise of more than SDG60 in one week.

 

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