Expectations of rising foreign exchange rates

Sudan Events – Nahed

Foreign currency rates against the Sudanese pound witnessed a noticeable increase at the end of the week.
The price of the euro on the black market on Thursday reached 1,532.60 pounds, while the selling price of the US dollar reached 1,430 pounds and the purchase price reached 1,410 pounds.
The Saudi riyal recorded an increase to about 376 pounds.
The trading price of the UAE dirham reached 384.19 pounds, while the Qatari riyal recorded 386.30 pounds.

In the official market, prices continued to rise, as the dollar recorded 1,090 pounds in Bank of Khartoum transactions, while this price increased to around 1,200 pounds in Omdurman Bank, and the price in Faisal Bank reached about 1,180 pounds per dollar.
Economists have warned of the deterioration of the value of the Sudanese pound against foreign currencies and its impact on all prices of goods and services in Sudan, which puts pressure on the citizen who suffers from the scourge of the war that has nearly begun since its outbreak on April 15 of last year.
Experts expected that the price of the dollar would touch 2,000 pounds.