The government of Sudan devalued the Sudanese pound by around 25% against the US Dollar in November as the country continued to struggle with an economic crisis exacerbated by the secession of South Sudan in mid-2011. This is the second large devaluation of the past twelve months and one that had been pre-empted by a widening of the gap between the official and black market exchange rates. Exchange rate reforms are being encouraged by the IMF...Read More
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