The Sudanese pound on Thursday hit its lowest value since South Sudan seceded, trading at 11.6 SDG to the dollar on the street, Reuters reported.
The government has kept the official rate at 6.4 pounds to the dollar since August amid a dollar shortage in the country.
“There is a dollar shortage in the market and demand is so high people will buy at any price because of how rare dollars are right now,” a parallel market trader said, Reuters reported.
Another trader said the Pound is expected to fall further in the new financial year. The Sudanese parliament is set to approve a new budget next wee, the news agency said.