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The Sudanese pound recorded a historical decline

A currency dealer in the Arab market area in central Khartoum told “Sky News Arabia” that they noticed a strange demand for the dollar and foreign currencies during the past hours, which led to a successive decline of the Sudanese pound.

The significant depreciation of the Sudanese currency raised great concerns among producers and consumers.

Al-Sadiq Al-Bashir, a commercial manager in an oil factory, expressed his deep concern that this sudden drop would disrupt the production process and thus stop the supply chain of food commodities whose prices have already become out of control, he said.

Al-Bashir told Sky News Arabia that most factories and production institutions in the country rely heavily on foreign currencies to finance production inputs and spare parts.

The Sudanese economy is suffering from major crises after the terrible deterioration that affected all sectors due to the great corruption that spread during the rule of ousted President Omar al-Bashir, which lasted from 1989 until his overthrow in a popular revolution in April 2019. These crises affected most segments of the population.

During the period that followed the fall of Omar al-Bashir, Sudan began to open up towards the international community after removing his name from the list of terrorism; obtaining pledges to write off a large part of his debts amounting to 66 billion dollars, and promises of aid estimated at 3 billion dollars; But the international community stopped all these pledges, following the measures taken by the army chief, Abdel Fattah Al-Burhan, on the twenty-fifth of October, by dissolving the Council of Ministers and the Sovereignty and declaring a state of emergency.

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