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Sudan Devalues Pound by 39% Amid Foreign-Currency Shortage

  • Independent committee is now setting exchange-rate’s value
  • Government announced series of austerity measures last month

Photographer: Ashraf Shazly/AFP via Getty Images

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Sudan devalued its currency for the third time this year amid an acute shortage of foreign exchange.

The announcement adds to a raft of measures the government is taking to tackle an economic crisis that’s triggered sporadic protests as the cost of living has surged. The central bank last week relinquished its role in setting the pound’s exchange rate, which is now being determined by an independent committee.