Khartoum The Sudanese Pound (SDG) has fallen sharply against major international currencies over the last two days. Traders active on Khartoum's parallel market ascribe the flux to a scarcity of foreign currency - an ongoing issue in Sudan's ailing economy, that is driving an increasing number of Sudanese into poverty and hunger.On Sunday, parallel
The Sudanese Pound (SDG) has fallen sharply against major international currencies over the last two days. Traders active on Khartoum’s parallel market ascribe the flux to a scarcity of foreign currency – an ongoing issue in Sudan’s ailing economy, that is driving an increasing number of Sudanese into poverty and hunger.
In an interview with Radio Dabanga, economic analyst, Hafiz Ismail, described the recent increases by the Ministry of Finance on petrol, electricity, and the Sudanese Pound as ‘unjustified’, adding that “it will further increase the people’s suffering, especially among low-income earners”.
The second quarter of 2022 witnessed an escalation of popular resistance to the ruling military junta in Sudan, presided over by Gen Abdelfattah El Burhan, and Lt Gen Mohamed ‘Hemeti’ Dagalo. Lawlessness and banditry by armed groups scourge Darfur and Kordofan, while inter-communal and tribal clashes erupted across the country.