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Sudan Tribune

Plural news and views on Sudan

Sudan Tribune

Plural news and views on Sudan

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Sudan approves measures to stabilize currency as pound hits record low

A picture taken on January 21, 2020, shows a US 1 dollar bill and a Sudanese 100 pound bill at a brokerage in the capital Khartoum on January 21, 2020. (AFP)

A picture taken on January 21, 2020, shows a US 1 dollar bill and a Sudanese 100 pound bill at a brokerage in the capital Khartoum on January 21, 2020. (AFP photo)

April 2 2026 (KHARTOUM) – Sudan’s Higher Economic Committee approved a package of measures on Thursday to stabilize the exchange rate and promote economic balance in an effort to contain the continuous decline of the local currency.

The Sudanese pound has declined significantly since the outbreak of war in April 2023, falling from approximately 600 pounds per dollar to around 3,665 pounds per dollar on the parallel market. This collapse is driven by declining production, falling exports, and the conflict’s prolonged nature.

The committee’s decisions included measures to regulate the import of luxury goods and activate the role of economic ministries to maximize and diversify exports. It also aims to establish policies that encourage Sudanese expatriates to transfer funds through official banking channels.

These decisions were made during a meeting chaired by Prime Minister Kamil Idris and attended by economic sector ministers and other relevant officials.

Undersecretary of the Ministry of Culture, Information, and Tourism, Graham Abdel Qadir, stated that the meeting reviewed the country’s economic position, the availability of strategic commodities, and the Central Bank’s foreign exchange reserves.

The meeting emphasized the regulation of export proceeds, rationalization of government spending, and the prevention of illegal levies. It also called for completing the currency exchange process in areas where it has not yet been finalized.

Additionally, the committee mandated that state agencies collect revenues electronically and complete all foreign trade procedures through the “Baladna” platform to enhance transparency and combat corruption.

The Sudanese pound faces mounting market challenges due to high inflation, exchange rate volatility, foreign currency shortages, and a widening trade deficit.

According to a 2025 Central Bank report, total exports reached approximately $2.64 billion, while imports totalled $6.49 billion. This resulted in a substantial trade deficit of $3.86 billion.

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