Sudan Pound Slides to Widest Over Official Rate Since Devaluation

The Sudanese currency slid to 60 pounds to the dollar on the black market Monday, traders said, increasing the gap with the official rate of 47.5 pounds to its widest since a sharp devaluation two months ago. The growing gap indicates the pound's official value may have to weaken further, adding to the woes of citizens already suffering shortages of bread and fuel. The government has been expanding the money supply to finance its budget deficit, spurring inflation and weakening the...

© La Voix de l'Amérique - lundi 10 décembre 2018