Serious Developments in Foreign Currency Rates in the Parallel Market

revealed that several currency traders in the parallel market have refrained from selling foreign currencies or have reduced their transactions. They attributed this behavior to expectations of further price increases following the U.S. announcement of new sanctions on Sudan, set to take effect at the beginning of next month.

Meanwhile, foreign currency rates held on to their recent gains during Saturday’s trading.

According to traders in the foreign exchange market, the U.S. dollar stabilized at SDG 2,740, the Saudi riyal reached SDG 730.6666, the UAE dirham stood at SDG 746.5940, and the euro traded at SDG 3,078.651. The British pound was priced at SDG 3,653.333, the Egyptian pound at SDG 54.73431, and the Bahraini dinar at SDG 7,210.526. The Qatari riyal recorded SDG 752.747, the Omani riyal stood at SDG 7,210, and the Kuwaiti dinar reached SDG 8,838.709.