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The Parallel Market Premium for Foreign Exchange and Macroeconomic Policy in Sudan

In: Parallel Exchange Rates in Developing Countries

Author

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  • Ibrahim A. Elbadawi

Abstract

The last two decades in Sudan have witnessed the emergence and subsequent expansion of an active parallel economy. Parallel economic activities have been primarily concentrated in the foreign sector of the economy, in the form of misinvoicing and smuggling of exports and imports and diversion of remittances from Sudanese nationals working abroad (SNWA) to the parallel market for foreign exchange. Foreign exchange transactions in this market have taken place at a freely determined parallel exchange rate.

Suggested Citation

  • Ibrahim A. Elbadawi, 1997. "The Parallel Market Premium for Foreign Exchange and Macroeconomic Policy in Sudan," Palgrave Macmillan Books, in: Miguel A. Kiguel & J. Saul Lizondo & Stephen A. O’Connell (ed.), Parallel Exchange Rates in Developing Countries, chapter 6, pages 221-246, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25520-7_7
    DOI: 10.1007/978-1-349-25520-7_7
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    Cited by:

    1. Ibrahim Elbadawi & Kabbashi Suliman, 2018. "The Macroeconomics of the Gold Economy in Sudan," Working Papers 1203, Economic Research Forum, revised 07 Jun 2018.

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