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Sudan's central bank sharply devalues currency: banking sources

  • The official exchange rate had previously stood at 55 pounds to the dollar, while the black market rate had been fluctuating recently between 350 and 400 pounds.
Published February 21, 2021 Updated February 21, 2021 06:04pm
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By Reuters
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KHARTOUM: Sudan's central bank set a new baseline exchange rate of 375 Sudanese pounds to the dollar in sharp devaluation on Sunday, banking sources said.

The official exchange rate had previously stood at 55 pounds to the dollar, while the black market rate had been fluctuating recently between 350 and 400 pounds.

Sudan banking

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