The Sudanese pound has fallen to a record low, reaching approximately 6,000 pounds against the U.S. dollar.
The Chairman of the Transitional Sovereignty Council and Commander-in-Chief of the Army, Abdel Fattah al-Burhan, said that the crises facing the country are “manufactured.”
The rapid depreciation of the national currency has significantly worsened living conditions across Sudan, with sharp increases in the prices of essential goods alongside a substantial decline in citizens’ incomes.
Large parts of the country are experiencing severe shortages of electricity and fuel, in addition to soaring food prices. Warnings have also been issued over rising inflation rates, which have reached record levels due to the ongoing conflict in the country.
The severe shortage of foreign currency reserves at the central bank has pushed traders and importers to purchase foreign currency from the black market, while both official and parallel market exchange rates continue to fluctuate daily, recording further declines in the value of the Sudanese pound.
