Economic

A Year after the War , the SDG Continues to Deteriorate

Sudan Events – Nahid Oshi

One year after the outbreak of war in Sudan, foreign currency prices have witnessed a continuous increase in exchange for a deterioration in the value of the Sudanese pound in the official and parallel markets.
The selling price of the dollar exceeded the ceiling of 1,440 pounds in the parallel market, and the purchase price reached 1,420 pounds.
In the official market, the dollar witnessed a variation in prices from one bank to another, as the price of the dollar at the Bank of Khartoum recorded 1,090 pounds, while the price at the Omdurman National Bank rose to exceed the barrier of 1,200 pounds, and it also recorded an increase to reach 1,180 pounds at Faisal Islamic Bank.
In meantime, the Saudi riyal recorded a noticeable increase, reaching 378.66 pounds, while the UAE dirham exceeded 386.92 pounds, and the price of the Qatari riyal reached 389.04 pounds.

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