Sudan Devalues Local Currency by 16% to Combat Parallel Market

Key Facts

1Sudanese authorities devalued the local currency by 16% in a single day to address the gap with the black market.

Sudanese authorities devalued the local currency by 16% in a single day to address the gap with the black market. Investing.com reported that the move is intended to combat volatility in the parallel market and stabilize the official exchange rate.

The Sudanese Central Bank and the government implemented this measure to narrow the widening spread between official and informal market rates. While aimed at addressing ongoing economic challenges, the devaluation occurs amid a volatile environment for regional trade and purchasing power, with no specific price levels available as of October 7, 2026.