Sudanese Pound

Sudanese Pound

Sudanese Pound overview

The Sudanese pound (Arabic: جنيه سوداني (Junaih Sudani) is the basic unit of the Sudanese currency. The pound consists of 100 piasters. The pound is issued by the Sudanese Central Bank. Its value is linked to gold and convertible into foreign currencies. There are no restrictions on money transfers to and from Sudan. The Sudanese pound is equivalent to $ 0.056. It has been pegged to U.S. dollar since around 1984. The pound fell for the first time since 1997 after the United States imposed economic sanctions on Sudan. The Sudanese pound continued its decline to an unprecedented number, falling to 53 pounds against the dollar. This situation, which drained all economic measures, led to heavy losses in the external repercussions of the Sudan as a whole, in the light of the government cut, interrupted by some of the failed actions announced by the Central Bank of Sudan, a severe shortage of liquidity. The Sudanese pound fell against the US dollar after the Central Bank of Sudan announced the lifting of the cash reserve to counter inflation. Since the Secession of South Sudan in 2011, Sudan has suffered from a scarcity of foreign exchange for the loss of three quarters of its oil resources and 80% of foreign exchange resources. The Sudanese government quoted the official price of the dollar from 6.09 pounds to 18.07 pounds in the budget of 2018.

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Sudanese Pound news

Over 800 protesters arrested in Sudan demonstrations: minister

KHARTOUM: More than 800 protesters have been arrested in anti-government demonstrations held across Sudan since last month, a minister said Monday, as hundreds gathered at a rally backing President Omar Bashir. Deadly protests have rocked Sudan since Dec. 19, when unrest first broke out over a government decision to raise the price of bread. Authorities say at least 19 people

11 days indicative neutral
Sudan’s inflation rise to 68,93% as dollar price hits record high - Sudan Tribune: Plural news and views on Sudan

December 10, 2018 (KHARTOUM) - Sudan's inflation rate has risen to 68,93% in November compared to 68,44 in October, reported the Central Bureau of (...)

about 1 month indicative neutral
Sudan cash spat spells economic and political woe

Sudanese foreign minister's sacking could push country closer to economic abyss

about 2 months conditional neutral
Sudan’s inflation rises to 55,6% in March: CBoS - Sudan Tribune: Plural news and views on Sudan

April 13, 2018 (KHARTOUM) - Sudan's inflation rate has risen to 55,6% in March compared to 54,34% in February, reported the Central Bureau of (...)

about 2 months indicative negative
Sudan: Bread, Fuel Crisis Deepens Across Sudan

The crisis of bread and fuel, particularly diesel, has escalated to the highest levels in the capital, Khartoum and the states amid surge of prices for essential commodities in the markets.

about 2 months conditional negative
South Sudan Monthly Market Price Monitoring Bulletin, May 2018 - South Sudan

English Situation Report on South Sudan about Agriculture, Food and Nutrition, Drought and Other; published on 31 May 2018 by WFP

about 2 months indicative neutral
Conflicting reports about Sudan’s inflation rate - Sudan Tribune: Plural news and views on Sudan

June 17, 2018 (KHARTOUM) - Sudan's inflation rate has risen to 60,93% in May compared to 57,65 in April, reported the Central Bureau of Statistics (...)

about 2 months indicative negative
IMF recommends floating Sudanese Pound - Sudan Tribune: Plural news and views on Sudan

December 13, 2017 (KHARTOUM) - The International Monetary Fund (IMF) has strongly advised Sudan to float the Sudanese pound stressing it is (...)

about 2 months conditional positive
Inflation in Sudan rise to 63,86% as US dollar price hits record high - Sudan Tribune: Plural news and views on Sudan

July 20, 2018 (KHARTOUM) Sudan's inflation rate has risen to 63,86% in June compared to 60,93 in May, reported the Central Bureau of Statistics (...)

about 2 months indicative negative

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