The Sudanese Pound (SDG) has hit a record low against the U.S. dollar, trading at SDG 2,900 to the dollar due to the ongoing war between the army and paramilitary RSF. This has led to an outflow of funds by traders and businessmen, causing a surge in demand for dollars and exacerbating the economic crisis.
In Atbara, River Nile State, prices have increased by 100% with basic commodities becoming unaffordable. Residents are struggling with the rising costs of daily necessities amidst the economic downturn.
Economist Dr. Mohammed Al-Nair noted the deteriorating living conditions in Sudan, attributing the decline of the Sudanese pound to the armed conflict. He suggested government measures to control gold smuggling, identify essential goods, and suspend luxury imports to improve the trade balance and reduce the budget deficit.
Dr. Al-Nair recommended government intervention in offering fuel at lower prices to ease the burden on citizens facing rising costs of goods and services. Urgent government action is needed to address the economic crisis exacerbated by ongoing conflict and disruptions.
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