Sudan Pound Plummets Due to De Facto UAE Flight Ban Impacting Gold Exports

The Sudanese pound has depreciated significantly due to an undeclared prohibition on flights from Port Sudan to the United Arab Emirates, impacting the crucial gold trade, as reported by traders and Sudanese officials. The army relies heavily on the gold trade for revenue, making this situation particularly concerning. The disruption in flights has led to a decline in the country’s currency, creating economic challenges for Sudan. The devaluation of the Sudanese pound has raised alarms among traders and officials, signaling potential financial instability.