This paper aims to analyse the dynamics of foreign exchange markets in a country facing political uncertainty that prompt capital outflow from the country. The economic environment under investigation is characterized by dual foreign exchange markets: a formal or official market for foreign...

This paper aims to analyze the dynamics of foreign exchange markets in a country facing political uncertainty that prompt capital outflow from the country. The economic environment under investigation is characterized by dual foreign exchange markets: a formal or official market for foreign...

This paper investigates efficiency performance of the black market for foreign exchange in Sudan. The finding of the paper indicates the inefficiency hypothesis cannot be rejected. This result implies, authorities in the central bank need to be cautious about use of the black market depreciation...

This paper investigates efficiency performance of the black market for foreign exchange in Sudan. The finding of the paper indicate the inefficiency hypothesis cannot be rejected. This result imply, authorities in the central bank need to be cautious about use of the black market depreciation...

This paper aims to assess the level of departure of the actual black market rate from its real level. Our finding indicate divergence of the actual black market rate from the real level, ranging from 7% in October 2016 to about 38% in November 2017. This result imply 38% of the foreign exchange...