A Sudden Decline in Dollar Due to Cash Scarcity
Sudan Events – Rehab Abdullah
Suddenly, foreign currency prices declined in the morning trading of the parallel market (Wednesday), after continuing to rise on a daily basis.
Traders in the foreign exchange market told (Sudan Events) that the buying price of the US dollar fell to 1830 pounds, while the selling price fell to 1860 pounds, while the price of the Saudi riyal fell to 490 pounds, while the decline in the price of the UAE dirham reached 501.
pounds, while the price of the euro was 2000 pounds, the price of the sterling pound was 2358 pounds, the price of the Egyptian pound was 39 pounds, the price of the Bahraini dinar was 484.2 pounds, the price of the Qatari riyal was 505 pounds, while the price of the Omani riyal was 471.7.
pounds, and the price of the Kuwaiti dinar reached 5935 pounds.
Meanwhile the purchase price of the dollar at the Bank of Khartoum reached 1,255 pounds, while the selling price reached 1,264.42 pounds, while the purchase price of the dollar reached 1,260 pounds and 1,269.45 pounds for sale at Omdurman Bank, while its price decreased in Faisal Islamic Bank, where its purchase price reached 1,180 pounds and 1,184.42 pounds for sale.
Some currency traders attributed the decline to a clear decline in demand and the cessation of many transactions, as well as a scarcity of cash to conduct transactions.
