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Sudan Declares Economic Emergency as Currency Plunges

The Sudanese government has reactived an economic state of emergency. In a press briefing, Finance Minister Dr Hiba Ahmed Ali said that the "insane" rise in price of the US dollar against the local currency was due to sabotage. Local news outlet Radio Dabanga reports that economic analysts attribute the Sudanese Pound's devaluation to the lack of foreign exchange resources, and capital migration, as well as smuggling, speculation, and the increase in import needs.

Petr Adam Dohnálek/Wikimedia Commons

A market in Omdurman in Sudan.

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