Unprecedented Collapse of Sudanese Pound

Sudan Events – Rehab Abdullah

Sudan Events follow-ups revealed an unprecedented collapse in the exchange rate of the Sudanese pound against foreign currencies in the “unofficial” parallel market trading (Wednesday).

Traders in the parallel market told “Sudan Events” that the purchase price of the dollar was 910 pounds and was 920 pounds for sale. The purchase of the Saudi riyal was 240 pounds compared to 250 pounds for sale, at a time when the purchase price of the Egyptian pound was recorded at 22 pounds purcahse compared to 23 pounds for sale. The UAE dirham purchase price was 245 pounds, while the selling price was 250 pounds, and the purchase price of the Qatari riyal was 240 pounds, while its selling price was 250 pounds.

The price of the dollar in some government banks witnessed an increase, reaching 750 pounds in Omdurman Bank, 710 pounds in Bank of Khartoum, and SDGs 690 in Faisal Bank.

Traders in the equivalent market attributed the rise to a clear increase in demand and large quantities.