Sudanese pound deteriorates due to the internet shutdown

Sudan Events – Nahed Oshi

Despite the internet outage in Sudan, banking applications (Bankak) are used for cash transfers among customers, especially outside Sudan, while some have complained about the vulnerable taking advantage of the internet outage crisis and raising interest rates on bank transfers, which has led to a deterioration in the value of the Sudanese pound against foreign currencies. Following the recovery that the pound witnessed before the internet and communications blackout, it rebounded against the Egyptian pound to reach 18 pounds, but it quickly deteriorated to reach 23 pounds against the pound.
While the dollar exchange rate in the parallel market today, Saturday, exceeded 1,200 pounds for sale and 1,190 pounds for purchase.

Gulf currencies witnessed a continuous rise, as the price of the Saudi riyal reached 317 pounds, the Emirati dirham reached 322 pounds, and the Qatari riyal reached 320 pounds.

Euro 1250 pounds
The British pound is 1230.00 pounds
The Egyptian pound is 23 pounds
Bahraini dinar 3000 pounds
The Omani riyal is 2980 pounds

While, in the official market, the Bank of Khartoum set the dollar trading price at 1,035 pounds, the Bank of Omdurman at 1,050 pounds, while Faisal Bank set it at 1,100 pounds.