Khartoum, Sudan – The dollar on the Sudanese parallel market today recorded an unprecedented rise. The price ranged between 3,700 and 3,800 Sudanese pounds, marking the largest daily jump since the outbreak of war in April 2023. Expectations are growing that it will reach the 5,000 pound mark in the coming period. This comes amid a shortage of foreign exchange and declining confidence in the local currency.
Traders said that buying and selling activity has been intense over the past few hours. There is a growing trend toward pricing goods and services in dollars and riyals. Meanwhile, the official rate has remained at 600 pounds to the dollar, widening the gap between banking channels and the parallel market by more than six times.
The financial authorities have not yet issued any official statement regarding the latest developments or intervention plans to calm the markets.
