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Sudan'¯Businesses'¯Feel Pinch as Currency Devalues,'¯Inflation Soars

Naba Mohiedeen

   KHARTOUM - Sudan this month'¯declared an economic emergency'¯after the
   Sudanese pound lost 40'¯percent'¯of its value in one month and annual
   '¯inflation jumped to 167 percent.'¯Sudan's transitional authorities
   have struggled to stabilize the currency,'¯the weakness of which helped
   fuel the protests against former president'¯Omar al-Bashir.'¯The
   economic strain has hit traders in the Sajana Market, one of Sudan's
   largest.

   '¯Sudan declared an economic'¯emergency'¯this'¯month as the Sudanese
   pound plunged in value and inflation soared.'¯'¯'¯

   The pound, which traded at 135 to the U.S. dollar in August, dropped to
   250 per U.S. dollar.'¯'¯

   The economic strain has hit traders in'¯Khartoum's'¯Sajana
   Market,'¯where many businesses sell imported goods.'¯'¯

   Most of the market has stopped purchasing fresh inventory as prices
   soared and goods are overstocked in shops and factories.

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