Fears of Continued Deterioration of the Pound

Sudan Events_Nahed Oshi

Currency prices continued to rise on the black market, as the exchange rate of the US dollar reached 1,860 pounds for sale and 1,840 pounds for purchase, and the value of the Saudi riyal recorded 490.66 pounds, the UAE dirham to 501.36 pounds, and the Qatari riyal to 505.49 pounds.
The Egyptian pound recorded about 41.5 pounds
While the dollar trading prices in the official market witnessed relative stability, as the price of the dollar in banks ranged between 1,255 and 1,260 pounds.
The price of the dollar recorded 1,255 pounds in the Bank of Khartoum, 1,260 pounds in the Omdurman Bank, and 1,260 pounds in the Faisal Bank.
A number of experts had warned of the continued deterioration of the Sudanese currency if the war that broke out since the fifteenth of April last year continued, pointing to the decline in production, especially in conflict areas, with the increased demand for the dollar to meet the import needs of necessities, especially medicines and food commodities, as well as experts’ fear of an approaching exchange rate. The dollar exceeds the ceiling of 2 thousand pounds, which portends an economic disaster