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

Ibrahim A. Elbadawi

Chapter 6 in Parallel Exchange Rates in Developing Countries, 1997, pp 221-246 from Palgrave Macmillan

Abstract: 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.

Keywords: Exchange Rate; Foreign Exchange; Real Exchange Rate; Trade Liberalization; Money Demand (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1007/978-1-349-25520-7_7

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