Black market trade slows as Sudanese try banks after devaluation


Black market trade slows as Sudanese try banks after
Business on Sudan’s black market slowed to a crawl on Monday and some people sold dollars in banks for the first time in years, a day after authorities devalued the currency by more than 85% to …


Black market trade slows as Sudanese try banks after
Black market trade slows as Sudanese try banks after devaluation Business on Sudan’s black market slowed to a crawl on Monday and some people sold dollars in banks for the first time in years, a day after authorities devalued the currency by more than 85% to try to secure debt relief and ease an economic crisis.


UPDATE 1-Black market trade slows as Sudanese try banks
UPDATE 1-Black market trade slows as Sudanese try banks after devaluation. 02/22/2021 23:36 … Feb 22 (Reuters) – Business on Sudan’s black market slowed to a crawl on Monday and some people sold dollars in banks for the first time in years, a day after authorities devalued the currency by more than 85% to try to secure debt relief and ease an …


Black market trade slows as Sudanese try banks after
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US welcomes Sudan’s move to devalue its currency in bid to …
Sudan’s central bank sharply devalued the currency on Sunday, announcing a new regime to “unify” official and black-market exchange rates. The change is a key reform demanded by foreign donors and the International Monetary Fund, but was delayed for months as shortages of basic goods and rapid inflation complicated a fragile political …


South Sudan: Currency Loses More Value Amid Plans to …
By Thursday, October 15, $1 was trading for 700 South Sudanese pounds in the black market and 165 South Sudanese pounds by the central bank rate. A week before, a dollar fetched 500 South Sudanese


Sudan pound again under pressure after devaluation | Reuters
Sudan’s pound is under renewed pressure on the black market, with licensed exchange bureaux struggling to meet demand for dollars ahead of the summer travel season, dealers said.


Sudan sharply devalues currency as economic crisis bites
The central bank pegged the Sudanese pound at 47.5 against the dollar. Previously, the official rate was 28 to the dollar, while the currency had fallen to 45.50 on the black market last week. The central bank had said a committee would look into the acute shortage of foreign currency that has been weighing on the pound.


Special Report: Manipulation of Economic Indicators in …
The Sudanese central bank sharply devalued the currency in early October to 47.5 pounds from 29 pounds to the dollar, and established a new system under which a group of banks and money changers set a daily rate. However, the official rate has barely moved, while the black market rate continues to depreciate against major currencies.


Sudan pound under pressure after devaluation
Sudan’s pound is under renewed pressure on the black market, with licensed exchange bureaux struggling to meet demand for dollars ahead of the summer travel season, dealers said.