Economic

Dollar Price in Banks is approaching the Parallel Market price

Sudan Events – Rehab Abdullah

Sudanese banks have accelerated their steps to compete with the parallel (black) market in foreign currency prices, to narrow the gap between the two sides. (Sudan Events ) monitored the banks’ announcement of a new increase in foreign currency exchange rates against the Sudanese pound.
The dollar price at the Bank of Khartoum approached strongly to the parallel market price, as the dollar purchase price at the Bank of Khartoum reached SDGs 1799 , while the dollar selling price rose to SDGs 1682.525 , while the dollar purchase price at the National Bank of Omdurman reached SDGs 1670 , while the selling price reached SDGs 1682.525 , while the dollar price at Faisal Islamic Bank recorded the highest price, reaching SDGs 1700 for purchase, while the selling price reached SDGs 1712.75 , and the dollar purchase price at the Nile Bank reached SDGs 1650 , while the selling price reached SDGs 1662.37 .
Meanwhile, foreign exchange market traders revealed that foreign currency prices in the parallel “unofficial” market recorded an additional increase.
Some of them informed (Sudan Events ) that the purchase price of the dollar in the parallel market (Thursday) recorded SDGs 1940, while the selling price reached SDGs 1960 compared to SDGs 1940 yesterday.
The Saudi riyal recorded SDGs 517.33 for purchase and SDGs 522.66 for sale, while the Emirati dirham recorded 528.61 SDGs , the euro SDGs 2086.02 , while the pound sterling reached SDGs 2455.69 , while the Egyptian pound ranged between SDGs 40.14 ,and SDGs 57, and the Bahraini dinar recorded SDGs 5146.16 while the Qatari riyal recorded SDGs 532.96 , and the Omani riyal recorded SDGs 5105.26 , while the Kuwaiti dinar reached SDGs 6258.06 .

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