Sudanese Pound Slides to 8,800 a Dollar
Traders quote the dollar at 8,800 Sudanese pounds on the parallel market, up 6% in four days, as fuel importers chase scarce foreign currency. The post Sudanese Pound Slides to 8,800 a Dollar appeared first on The Rio Times .
On Wednesday, 7 October 2026, the Sudanese pound plummeted to 8,800 per US dollar on the parallel market in Khartoum, a significant 6% increase from the previous Saturday when it traded at around 8,300 per dollar. According to traders, this sharp rise in the dollar's value was primarily due to heightened demand from fuel companies amid a petroleum shortage.
The parallel market rates starkly contrast with those quoted by banks, which remain significantly lower. The pound's volatility has driven up the prices of crucial goods and services, contributing to economic hardship in Sudan. Economists attribute the fluctuation to government purchases of dollars for weapons deals and fuel purchases, exacerbated by the ongoing civil war.
While prediction markets give a 13% chance of a ceasefire by December 31, 2026, the situation remains uncertain, with the pound's value closely tied to the stability of the ongoing conflict.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
