Sudan's currency sinks before Ramadan
July 20 , 2012
Sudan's currency has plunged against the dollar as demand for imported food increases before the holy Islamic month of Ramadan, sparking anger over a severe economic crisis.
President Omar Hassan al-Bashir, who has been in power since 1989, has managed to avoid an Arab Spring-style revolution though an austerity program that hit fuel subsidies did lead to small-scale protests around a month ago.
Sudan lost much of its oil resources when South Sudan seceded a year ago, depriving the country of its main source of revenue and foreign exchange.
A dollar bought between 6 and 6.1 Sudanese pounds on the black market, close to a historic low of 6.2 reached in May when border fighting with South Sudan escalated.