Sudan central bank injects 400 million dirhams to curb currency slide

June 30, 2026 (KHARTOUM) – Sudan’s central bank has injected 400 million United Arab Emirates dirhams into commercial banks to meet import demands and help stabilize the volatile currency exchange market, government officials said on Tuesday.

The local currency has faced violent depreciation against the dollar and other foreign currencies in recent weeks, causing unprecedented price spikes for basic goods and services across the country.

The economic fallout prompted Prime Minister Kamel Idris to chair an expanded government meeting in Khartoum to review exchange rate policies, measures against currency trading on the informal market, and gold smuggling operations.

Amna Mirghani, governor of the Central Bank of Sudan, said the institution began injecting foreign currency into the banking system on June 23, providing 400 million dirhams to finance legitimate imports.

Mirghani noted that the intervention managed to bring down the dirham’s exchange rate to 1,200 Sudanese pounds in some official banking transactions on Tuesday, calling it a distinct shift that met the essential financial needs of importers.

The governor urged commercial banks to strictly comply with financial regulations, register all import forms through the “Baladna” electronic platform, and adhere to the trade ministry’s requirements to prevent illicit capital flight.

Despite the central bank intervention, parallel market traders said foreign exchange rates and gold prices remained largely stable on the black market on Tuesday. Parallel market rates quoted the UAE dirham at 1,417 pounds, while the U.S. dollar traded at 5,100 pounds and a gram of gold held at 580,000 pounds.