The value of the Sudanese pound has continued to fall against foreign currencies on the black market after the government decided to float the exchange rate partially.
Last week, Sudan’s Central Bank introduced an incentive policy and increased the exchange rate in commercial banks and exchanges by 131%.
Several currency traders told Radio Tamazuj yesterday that the exchange rate rose to 17.30 SDG per dollar on the parallel market, and other currencies saw a similar rise in value against the Sudanese pound. One Saudi Riyal rose to 4.55 SDG, while one euro was selling at 18.45 SDG.