Sudanese Pound Continues to Plummet Amid Deepening Economic Crisis

Sudan’s economy is facing one of its most severe downturns as the national currency, the Sudanese pound, continues to lose value against major foreign and regional currencies. The depreciation, ongoing for over two years, shows no signs of stabilizing and is contributing to a growing humanitarian and financial crisis across the country.

Ongoing Currency Devaluation

Recent exchange rates highlight the alarming decline of the Sudanese pound. The U.S. dollar is now trading at 2,679 SDG, the euro at 3,079.31 SDG, and the British pound at 3,572 SDG. Regional currencies have also surged against the pound, with the Saudi riyal at 714.40 SDG, the Emirati dirham at 729.79 SDG, and the Kuwaiti dinar reaching an unprecedented 8,641.93 SDG.

Severe Economic and Social Impact

The continued depreciation of the Sudanese pound has triggered far-reaching consequences:

• Soaring prices of basic goods and services

• A sharp rise in poverty rates

• Rapid inflation eroding purchasing power

• Decline in local production and economic activity

• A spike in crime linked to worsening unemployment and hardship

Expert Warnings and Outlook

Sudanese economists warn that if the trend persists into a third consecutive year, the situation could spiral out of control. Their forecasts include:

• Further devaluation of the pound

• Accelerating inflation well beyond official estimates

• Depletion of foreign currency reserves vital for imports

• A growing gap between official and black market exchange rates

• Widespread loss of confidence in the local currency, with increased use of foreign currencies in daily transactions

Although there appears to be a temporary lull in the rate of currency fluctuation, experts stress that this stability is fragile and could collapse without swift and comprehensive government intervention.

As the economic crisis deepens, the Sudanese people continue to bear the brunt—facing dwindling incomes, surging living costs, and increasing uncertainty about the future.