Collapsing currency and inflation leave families struggling in Sudan
Summary
Sudan’s ongoing war has caused the value of its currency, the Sudanese pound, to fall sharply. This has led to rising prices for food, transport, and other basic needs, making it very hard for families like Aisha’s to afford everyday expenses.Key Facts
- The war in Sudan started in April 2023 and involves the Sudanese Armed Forces and Rapid Support Forces.
- Inflation in Sudan was over 41% in July 2023, meaning prices continue to rise even if the rate of increase slowed.
- The Sudanese pound dropped from about 600 pounds per US dollar before the war to about 7,500 pounds on the black market by September 2023.
- Basic goods like bread, sugar, beef, and lentils have become much more expensive, reducing what families can buy.
- Daily costs for transport and other services have increased sharply due to the conflict.
- The war has caused a 40% shrink in Sudan’s economy and the closure of one-third of its businesses in 2023.
- The conflict has disrupted production and exports, causing a shortage of foreign currency.
- Experts suggest both immediate measures and longer-term reforms are needed to stabilize Sudan’s economy.
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