Military spending, hyperinflation cripple Sudan’s economy ...Sudan

December 9, 2024 (PORT SUDAN)—Sudan will launch a currency exchange process on Tuesday to capture some 200 trillion Sudanese pounds circulating outside the banking system, government sources told Sudan Tribune. The move comes as the country grapples with a deepening economic crisis sparked by the outbreak of war in April. Authorities in Port Sudan announced on Sunday that the currency exchange would begin on December 10 to rectify the economic situation. The exchange will be restricted to bank deposits, with a daily withdrawal limit of 200,000 pounds. Sources said the army has taken control of all gold revenues and mining company payments to the state. They added that the government borrowe

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Military spending, hyperinflation cripple Sudan’s economy ...Sudan

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