Decline in Foreign Currency Demand

Sudan Events – Reports

Currency traders in Sudan’s foreign exchange market reported a decline in demand for foreign currencies since last week, attributing it as the primary reason for the recent stability of exchange rates in the black market.

For the fifth consecutive day, exchange rates for foreign currencies against the Sudanese pound remained steady in the parallel market on Monday.

Traders noted that the buying price of the US dollar remained at 2,550 pounds, while the Saudi riyal stood at 678.19 pounds. The Egyptian pound stabilized at 50.19 pounds, and the Emirati dirham at 694.82 pounds. Meanwhile, the euro saw a slight increase to 2,684.21 pounds, the British pound was traded at 3,227.84 pounds, and the Qatari riyal at 696.72 pounds.