Inflation and currency collapse deepen hardship in Sudan
The Sudanese pound traded at about 7,500 pounds per US dollar on the black market by September 22.
War-related economic disruption has weakened the Sudanese pound and driven up prices, reducing household purchasing power. The article describes worsening food insecurity and financial pressure on families in Port Sudan and elsewhere in Sudan.
Claims
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- 7,500Sudanese pounds per USD
The Sudanese pound traded at about 7,500 pounds per US dollar on the black market by September 22.
“black market currency traders were quoting 7,500 pounds to the dollar”
- 41%
Annual inflation in Sudan was over 41 percent in July.
“annual inflation stood at over 41 percent in July”
- 1.5%
Sudan’s consumer price index rose nearly 1.5 percent between June and July.
“the overall consumer price index still rose nearly 1.5 percent between June and July”