Sudanese pound falls to record low of 10,000 per dollar

The Sudanese pound hit a record low of 10,000 against the dollar on the parallel market Wednesday, deepening the economic toll of the ongoing war.

• The pound fell Wednesday to 10,000 per dollar on the parallel market, a 60 percent drop over recent months.
• The official exchange rate stands at 4,200 per dollar, while the pound traded near 600 per dollar before the war began in April 2023.
• The government raised the customs dollar rate, used to calculate import duties, to over 5,600 per dollar this week.
• Currency traders said import demand is the main factor behind the slide, and the government said reconstruction requires imports that deplete dollar reserves.