A Jump in Foreign Currency Rates against Sudanese Pound
Sudan Events_Nahid Oshi
Foreign currency trading prices have jumped against the Sudanese pound, which continues to collapse due to the prolongation of the war for more than a year, which resulted in an increase in demand for foreign currencies to cover import needs and for the purposes of continuous travel, in addition to the decline in agricultural production following the failure of the summer and winter seasons in areas of armed conflict with the destruction of more than 90% of the factories that were relied upon to move the wheel of production.
On Wednesday, the price of the US dollar in the parallel market recorded 1,800 pounds for sale and 1,780 pounds for purchase
Amid expectations from experts that the value of the dollar will reach 2 thousand pounds and exceed that to 3 thousand pounds.
While the rest of the currencies witnessed a steady increase, as the value of the Saudi riyal, the Emirati dirham and the Qatari riyal reached record levels against the Sudanese pound. The exchange rate of the Saudi riyal reached 474.66 pounds, and the value of the Emirati dirham rose to 485.01 pounds. At the same time, the Qatari riyal recorded 489.01 pounds, while the Egyptian pound recorded 40 pounds against the Sudanese one.
In the official market, prices varied from one bank to another
The dollar recorded 1,255 pounds at the Bank of Khartoum and about 1,260 pounds at Omdurman Bank, and the price of the dollar at Faisal Bank reached 1,260 pounds.
