Sudanese central bank changes currency regime
Central bank cuts official exchange rate sharply after years of major over-valuation
Sudan’s central bank has abandoned the country’s fixed currency regime, after years in which observers said official currency values were greatly inflated.
The central bank confirmed in a statement in Arabic on February 21 that it would unify the official and unofficial exchange rates. It said the measure was taken to tackle “structural imbalances” in the economy.
Central bank governor Mohamed al-Fatih Zainelabidine said the central bank would set a daily indicative rate for the Sudanese pound
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