New economic confusion in Sudan

Central bank of Sudan

The Sudanese government has been in a state of confusion following the announcement by the government through its new umbrella (the mechanism of market makers) in its first meeting on Sunday to determine the exchange rate of the US dollar against the Sudanese pound at 47.5 pounds for the purchase price and the sale to be 0.5% increase on the purchase price.

The failure of dealers in the market to reconcile the announcement of the Governor of the Central Bank of Sudan, which refuses to increase the price of the dollar and announced by the new government mechanism of decisions increased the price of the dollar from 29.5 pounds against the dollar to 47.5.

While the lack of local currency remains an obstacle for depositors and all dealers.

Source: aljazeera

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