The Sudanese Pound Recovers

Sudan Events – Rahab Abdullah

Sudan Event’s Observations have revealed an improvement in the exchange rate of the Sudanese Pound, accompanied by increased buying activity. This comes in the wake of restrictions on transfers between bank accounts, which has slowed down the activities of currency traders in the parallel market, resulting in a decrease in cross-border trading volumes.

The exchange rate of the US Dollar in the parallel market today (Wednesday) reached 770 Sudanese Pounds, while the Saudi Riyal decreased by 210 Pounds, the Euro decreased by 850 Pounds, and the Egyptian Pound recorded a 20 Pound decrease. The price of the UAE Dirham also declined by 210 Pounds.