Significant Rise of Dollar Price in Sudan and Calls for Intervention
Sudan Events – Rehab Abdullah
The exchange rate of the Sudanese pound against foreign currencies in the “unofficial” parallel market returned and declined again on Thursday after the price of the dollar jumped to 900 pounds to buy compared to 840 pounds yesterday. In addition, the price of the dollar to sell reached 910 pounds compared to 850 pounds (Wednesday)
The price of the Saudi riyal reached 240 pounds, while the price of the UAE dirham was 241 pounds. The euro peaked at 960 pounds, while the price of the Qatari riyal reached 241 pounds.
The rise was not limited to the parallel market only but also included banks, as the price of the dollar increased in some government banks, as it settled at 695 pounds in the Bank of Khartoum, remained at 700 pounds in the Bank of Omdurman and rose from 680 pounds to 690 pounds in Faisal Bank.
Speaking to Sudan Events, traders in the parallel market attributed the rise to increased demand for foreign exchange.
Observers warned of the dollar price slipping to 1,000 pounds and called on the Central Bank of Sudan to take measures to prevent the deterioration of the national currency.
