Dollar Climbs in Black Market Amid Turmoil

The American currency increased slightly compared to the Vietnamese đồng in the unofficial market early Thursday.

unofficial currency exchanges priced the dollar at 0.15% more, reaching VND26,400. Vietcombank maintained its rate steady at VND26,410.

The U.S. dollar experienced fluctuations on Thursday due to fresh American military actions in the Middle East, which affected market confidence. Additionally, a rise in May’s U.S. consumer inflation to a three-year peak left investors concerned about the Federal Reserve's approach to monetary policy. Reuters reported.

This week, the foreign exchange market has remained calm, with traders considering the unstable truce in the Middle East alongside an ongoing series of retaliatory attacks between the United States and Iran, which has weakened expectations for a short-term resolution.

The euro reached $1.1553, moving slightly away from the 10-week low it recorded last week, although it has lost much of its increase following an agreement for a truce at the beginning of April. Attention will focus on the European Central Bank’s monetary policy meeting later today as it appears set to increase interest rates to address rising prices.

Sterling stood at £1.33905. The dollar index, used to gauge the U.S. currency versus six key rivals, dropped to 99.903 following reports from U.S. forces stating they have finished attacks on several locations in Iran.

Sudan's Pound Plummets to Record Low Amid War-Driven Crisis

June 10, 2026 (KHARTOUM) – The Sudanese currency has reached an all-time low compared to international money because of heavy betting and increased requests for imports as there is a critical lack of foreign cash reserves.

The native currency has seen a continuous drop due to the ongoing conflict and an expanding trade imbalance, characterized by declining exports and increasing imports.

From the start of this year, currency exchange rates have increased substantially, as the U.S. dollar went up from 3,750 pounds to a range of 4,200 to 4,300 pounds.

Traders operating in the parallel market informed Sudan Tribune on Tuesday that the local currency dropped to 4,400 against one U.S. dollar due to increased demand for dollars and other foreign exchange.

The Saudi riyal climbed to 1,140 Sudanese pounds, the UAE dirham touched 1,171 Sudanese pounds, the euro was being exchanged for 5,058 Sudanese pounds, and the British pound rose to 5,810 Sudanese pounds, with the Egyptian pound standing at 90 Sudanese pounds.

A merchant, who requested to remain unnamed, mentioned that there is strong interest in foreign exchange to support the purchase of fuels, along with betting actions from forex dealers aiming to obtain significant amounts of dollars.

Financial analyst Waleed Dalil stated that the decline in the value of the currency presents significant economic difficulties impacting people's everyday experiences, highlighting that inflation has hit unprecedented levels because of the war's impact on buildings and banking systems.

The burden of finance has completely moved to the informal sector since formal banks cannot supply foreign exchange for importers and residents, causing exchange rates to be influenced by intense speculation and rush purchases, Dalil said.

Economic specialist Haitham Mohamed Fathi stated that Sudan is facing significant decline in key production areas such as manufacturing, mining, petroleum, and farming, with this situation deteriorating throughout the conflict.

Merchants, illegal traders, and gamblers have taken advantage of the nation's changing economic system, with a commerce and services-based economy growing while manufacturing and farming decline, Fathi noted.

The stability of the Sudanese currency relies on the transitional government's capacity to carry out essential structural changes, such as overhauling banking systems, controlling price increases, and boosting industries to rejuvenate the economic situation, according to Fathi.

Fathi pointed out that the increasing discussion about importing critical supplies, especially fuel, has had a direct impact on price levels throughout the manufacturing and transportation networks, with conditions further deteriorating due to the loss of oil-producing regions and unstable revenue streams from South Sudan's petroleum exports.

The Sudanese economy is trapped in a complicated crisis where economic, monetary, and political factors overlap, according to Fathi, who added that this situation has been worsened by insufficient global collaboration and the suspension of external financial support.

The drop in the value of the pound has increased market anxieties, causing the currency to be stuck in a harmful loop of falling exchange rates and rising prices, which leaves the central bank with few options for dealing with today's financial situation, said Fathi.

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