Home | News    Monday 22 August 2016

Sudanese pound falls sharply against US dollar


August 21, 2016 (KHARTOUM). The Sudanese pound has hit another historic low against the US dollar on the black market, as the central Bank of Sudan struggles to supply dollars to buy imports

JPEG - 39.9 kb
The US dollar has continued to decline against the Sudanese pound following a deal reached between Juba and Khartoum (Getty)

"The dollar exchange rate has registered a new record as the Sudanese pound declined to 15.6 per dollar" a black market trader told Sudan Tribune on Sunday.

Moutasim, a currency trader in Khartoum said that a dollar now coasts 15.6 pounds for small amounts and against 15.9 pounds for big amounts of dollar. He further said that Euro is selling for 17 pounds and Saudi Riyal is selling for 4.5 pounds.

The official exchange rate remains 6.25 pounds to the dollar, which is more than 100 % difference from the parallel market value.

The parallel market traders further noted that big dealers and companies control the exchange rate, saying offer and demand also influence exchange rate.

“We expect that Sudanese pound to continue dropping against foreign currencies after the collapse of peace talks in Addis Ababa last week,” he said.

Another trader who conditioned anonymity told Sudan Tribune that there is high demand for dollar by importing companies after new restrictions imposed by the Bank of Sudan against investors and importers.

On Thursday, Sudanese Trade Union has requested salaries increase pointing that the current wages do not cover 10% of living cost.

Prices of basic commodities went very high and some citizens said they were forced to take more than one job to meet their families’ needs.

Sudanese pound dropped down after South Sudan seceded in 2011, taking with it three-quarters of the country’s oil output, the main source of foreign currency used to support the Sudanese pound and to pay for food and other imports.

The Sudanese imports highly passes exports putting more pressure on the local currency exchange rate and causes drop against dollar.

The Sudanese pound has fallen against dollar since last April. Up to 19 July the dollar was selling for 14.1 e pounds, the Sterling was selling for 18 pounds and Saudi Riyal was selling for 3.7 pounds .


Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article

The following ads are provided by Google. SudanTribune has no authority on it.

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

Maulana Mayen Wol was acquitted by South Sudan Supreme Court 2018-03-21 21:14:00 By Amb. Gordon Buay I have seen some quarters criticizing the appointment of Maulana Mayen Wol as the undersecretary of the Ministry of Petroleum on the basis of the charges brought against him (...)

President Kiir should extend equal justice recognition to John Agou 2018-03-17 08:35:01 By Deng Kur Deng Dear Mr. President, Is is the quest for equal justice that urges me to write to you today. Our quest didn’t begin with us, but it starts with you. All you have done for your (...)

Applying to the Arab League as the observer is recommendable but wrong time 2018-03-13 11:21:42 By Gatdiet Peter On 5 March 2018, a report from the Egyptian official news agency, MENA has flooded the media and captured a sharp attention of wider South Sudanese people that the Republic of (...)


Latest Press Releases

Appeal for forgiveness and pardon of John Agou Wuoi 2018-03-07 08:28:08 H.E. Salva Kiir Mayardit, President and Commander-in-Chief, of the Sudan People's Liberation Army (SPLA), Republic of South Sudan (RSS), 5th February, 2018. Through: Hon. Michael Makuei Lueth (...)

Petition for release of Agou John Wuoi from prison 2018-02-15 20:45:31 Open letter to South Sudan President Salva Kiir Your Excellency, Kindly please permit me to take this rare opportunity to appreciate you for every effort you have made toward making South Sudan (...)

AUHIP Communiqué on Sudan & SPLM-N talks for cessation of hostilities agreement 2018-02-05 13:04:16 African Union High-Level Implementation Panel for Sudan and South Sudan Joint Statement on Unilateral Ceasefire, Cessation of Hostilities and Completion of Negotiations 1) With the facilitation (...)


Copyright © 2003-2018 SudanTribune - All rights reserved.