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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Sudan sharply devalues its pound against U.S. dollar

By cpowell
Created 2017-12-26 00:17

From Xinhua, Beijing
Monday, December 26, 2017

KHARTOUM, Sudan -- Sudan today officially devaluated Sudanese pound against the U.S. dollar from 6.9 to 18 pounds.

Abdul-Rahman Dirar, Sudan's state minister at the ministry of finance, made the announcement at a press conference.

The official exchange rate of the U.S. dollar against the Sudanese pound at the Central Bank of Sudan has been 6.9, with an incentive on the transfers to attract the savings of the Sudanese expatriates.

Sudan has recently announced a package of economic measures to revive the economy and contain the decline of the national currency. ...

... For the remainder of the report:

http://www.xinhuanet.com/english/2017-12/26/c_136851620.htm [1]



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