Macroeconomic Forecast HeadlineAugust 2012 | Macroeconomic Forecasts
BMI View: The Sudanese pound received a boost in early August following signs of progress towards an agreement on oil fees with South Sudan. Sudan lost a major source of foreign currency when South Sudan seceded in 2011 taking the majority of the country's oil reserves with it. The oil fees will therefore be an important source of foreign currency. Despite the agreement, we maintain our view that the currency will remain under pressure for the foreseeable future.
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