Currently, one pound is valued at just $0.0022, with the dollar costing 447 Sudanese pounds according to Google aggregates. Local sources however have been quoted as saying, as of March 22, 2022, the US dollar exceeded 700 Sudanese Pounds.
With demand for the dollar growing, the Central Bank of Sudan devalued the currency by 19% on March 8, 2022 to exchange at 530 pound to the dollar while letting banks and currency exchanges set their own buying and selling rates without its intervention.
However, two weeks later, the Central Bank was reported to have devalued the currency again as demand for the dollar grows in the country that is in the throes of instability since a millitary coup in October 2021.
Sudan’s currency has lost more than a third of its value since the coup, rapidly driving up prices for fuel, food, and other goods, and has fallen even further in the parallel market.