SUDAN NEWS ALERT: Sudan Tribune - Pound falls lower on no-prospect of removal from terror list

7/10/19: Sudan Tribune - Pound falls lower on no-prospect of removal from terror list

 Sudan Tribune reports that the Sudanese pound’s exchange rate hit a new low against foreign currencies on Sunday after some respite over the past weeks, after U.S. refusal to delist Sudan from terror blacklist.

 Traders in the black market who spoke to Sudan Tribune attributed the rise in foreign exchange prices to weak supply in the market against rising demand. Also, they pointed to the government inability to provide foreign currencies for import purposes so far.

 “Major traders have lowered currency rates over the past few days because they expect concrete changes to follow Prime Minister Abdallah Hamdok’s visit to New York and Paris,” a trader said.

 "But that did not happen and the demand for foreign exchange increased," he stressed.