Sharjah24 – Reuters: Sudanese authorities have decided to unify the exchange rate of the Sudanese pound, the acting minister of information said on Sunday, weeks after the currency's value began to slip again on the black market.
A statement on the decision by Higher Committee for Economic Emergency carried no details on the timing of the step or the level at which the exchange rate would be unified.
The official rate has been around 444 pounds to the dollar, while on the black market one dollar cost about 550 pounds on Sunday.
Sudan devalued the currency a year ago as part of a series of reforms carried out by a civilian transitional government under supervision from the International Monetary Fund.
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