Sudanese Banks Increase Foreign Currency Prices
Sudan Events – Rehab Abdullah
Foreign currency prices in the parallel market maintained the rise they achieved against the Sudanese currency exchange rate.
Traders told Sudan Events that the dollar purchase price in the parallel market trading (Thursday) stabilized at SDGs1840 , while the selling price stabilized at SDGs 1880 ,while the Saudi riyal purchase price reached SDGs 496, while the selling price reached SDGs501 .While the Emirati dirham reached SDGs502, while the euro recorded SDGs 2000 the British pound recorded SDGs 2358 the Egyptian pound reached SDGs 39 , the Bahraini dinar recorded SDGs4842.10 . the Qatari riyal reached SDGs 510 , while the Omani riyal reached SDGs 4717.94 , and the Kuwaiti dinar reached SDGs 5935.48 .Some banks raised currency rates, with the dollar purchase price reaching SDGs 1,467 at the Bank of Khartoum compared to SDGs 1,255 while the Saudi riyal purchase price reached SDGs 408 while the euro reached SDGs 1,555 and the pound sterling rose to SDGs 1,830 .The banks justified the move with the aim of attracting more foreign exchange resources and narrowing the gap between the official and parallel rates, which exceeded more than SDGs 750per dollar.
