New Devaluation in the National
Sudan Events – Rehab Abdullah
Economists revealed a new collapse in the value of the Sudanese pound against foreign currencies in the “unofficial” parallel market. Traders in the parallel market told (Sudan Events) that the purchase price of the dollar in Saturday’s trading rose to 980-990 Sudanese pounds for sale on the black market, while the purchase price of the Saudi riyal reached 260 pounds, and 270 pounds for sale, the purchase price of the Emirati dirham reached 245 pound and 250 pounds for sale, at a time when the purchase price of the Qatari riyal reached 250 pounds, 260 pounds for sale, and the price of the euro reached 1,100 pounds, while the price of the Egyptian pound reached 23 pounds.
Traders in the black currency market justified the rise in demand to buy large quantities.
Meanwhile, the price of the dollar stabilized in government banks after the increase it witnessed yesterday, reaching 700 pounds in Bank of Khartoum, 750 pounds in Omdurman Bank, and 690 pounds in Faisal Bank.
Experts attributed the rise to an increase in demand for foreign currencies by importers and merchants, who are facing a shortage in banks that impose strict rules on withdrawing and purchasing dollars, as they pointed out that this is reflected in the prices of goods and services, and the deterioration of the standard of living for citizens.
