IMF warns Sudan faces total monetary collapse and dual recession

IMF warns Sudan faces total monetary collapse and dual recession

Sudan is veering toward a comprehensive monetary breakdown and a “dual recession” as war chokes off foreign-currency inflows, drains bank coffers and crushes output, according to recent assessments by the IMF and economic analysts. The Sudanese pound hit an unprecedented 3,700 per U.S. dollar on the parallel market this week, traders said, while official bank quotes have climbed to 2,600–2,700—underscoring a widening gap with the street rate and…