Sudan Raises Customs Dollar Rate to 3,517 Pounds
The Sudanese Customs Authority has increased the customs dollar rate to 3,517 pounds, marking a 3.5% rise from the previous rate of 3,395 pounds. This adjustment represents the third increase since the beginning of 2026, following earlier changes in April and May. The move comes amid mounting pressure on the Sudanese pound and a widening gap between the official exchange rate and the parallel market rate.
Reasons Behind the Decision
Government sources indicate that the decision to raise the customs rate responds to the recent surge in foreign currency prices in the parallel market. This increase prompted authorities to reassess the customs rate used for calculating import duties. Consequently, the government aims to enhance its financial situation amid the ongoing economic crisis.
Significance of the Customs Dollar
The customs dollar serves as a crucial tool for determining taxes and duties on imported goods. The Central Bank of Sudan and the Ministry of Finance periodically set this rate based on average official and parallel exchange rates. The customs dollar reflects the overall economic climate, making it essential for importers and traders to monitor closely.
Sequential Increases Since April
- April: 3,222.8 pounds
- May: 3,395 pounds
- June: 3,517 pounds (new rate)
Concerns Over Rising Prices
This upward trend raises significant concerns among importers and traders. Many anticipate that the new customs rate will lead to higher prices for imported goods, particularly food items, spare parts, and pharmaceuticals. Such changes could further strain the living conditions of citizens, especially in light of the worsening economic situation in the country.
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