How Should Sudan Rebuild Trust in the Pound?
Cover: Original illustration commissioned by Kandaka, 2026. Money is a promise. A Sudanese pound is accepted today because the person receiving it expects somebody else to accept it tomorrow. When that confidence disappears, households and businesses protect themselves with dollars, gold, goods, property or anything else likely to hold value. Sudan’s monetary crisis is therefore not a narrow problem for the Central Bank. A farmer cannot price an imported pump when the exchange rate may change before harvest. A factory cannot plan when wages, power, machinery and working capital move at different speeds. A bank cannot make useful long-term loans when repayment money may lose much of its value. Stable money is development infrastructure. ...