“Sudan’s economy has been in turmoil since South Sudan’s secession in 2011 took away of three-quarters of oil production. Oil was the driver of the economy and source for dollars needed for food and other essential imports.  The central bank has been trying to bridge a ballooning gap with the black market rate where one dollar costs 7.8 pounds as import firms struggle to get their hand on hard currency. The black market rate has become the benchmark for banks and firms.  The secretive central bank tends not to announce devaluations, which are embarrassing for the government, which denies there is a shortage of hard currency.”

http://finance.yahoo.com/news/sudan-devalues-currency-30-percent-150224884.html

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