The Sudanese pound has plummeted, with the black market exchange rate reaching 7,500 Sudanese pounds per US dollar. The inflation rate soared to 41% in July, leading to a sharp decline in public purchasing power.
The Sudanese pound has plummeted, with the black market exchange rate for USD to SDG reaching 7,500, compared to just 600 before the war. The country's annual inflation rate hit 41% in July, with prices for basic goods like bread, sugar, and meat soaring, leading to a sharp decline in household purchasing power. The United Nations Development Programme (UNDP) estimates that Sudan's economy has contracted by over 40% during the war, with a GDP loss of approximately $6.4 billion in 2023. The World Bank predicts that the extreme poverty rate will rise from 48% in 2023 to 59% in 2025.
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Source:半岛电视台 · Source Link
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