Increased Demand for the Dollar Raises its Prices
Sudan Events – Rehab
The US dollar and the rest of the foreign currencies adhered to the successive rise against the exchange rate of the Sudanese pound, which increased in pace after the outbreak of the Rapid Support militia war in mid-April last year.
Foreign currency prices in parallel (foreign) market trading witnessed an unprecedented rise against the exchange rate of the Sudanese pound.
Traders in the foreign exchange market told (Sudan Events) that the purchase price of the dollar reached 1,415 pounds, while the selling price reached 1,430 pounds, and the Saudi riyal recorded an increase to about 376 pounds, and the trading price of the Emirati dirham reached 384.19 pounds, while the Qatari riyal recorded 386.30 pounds.
At a time when the increase included the prices of foreign currencies offered by banks in safe areas and states, as the dollar recorded at the Bank of Khartoum 1,090 1,200 pounds at the Bank of Omdurman, at a time when the price of the dollar at Faisal Islamic Bank recorded about 1,180 pounds per dollar.
Currency traders attributed the rise to an increase in demand for the dollar, and a currency trader told (Sudan Events) that there is an ongoing demand for the dollar in large quantities.
