Dollar Price has Declined in the Parallel Market
Sudan Events – Rehab Abdullah
Suddenly, the exchange rates of foreign currencies have fallen in the parallel “unofficial” market. Foreign currency dealers told Sudan Events hat the price of the dollar in the parallel market (Tuesday) fell to SDGs 2350 – SDGs 2500 compared to SDGs 2700 (Monday).
While the Saudi riyal fell to SDGs 626.66 – SDGs 666.66 , and the Emirati dirham SDGs 640.32 – SDGs 681.19, while the euro reached SDGs 2554.34 – SDGs 2717.39 , and the British pound fell to SDGs 3051.94 – SDGs 3246.75 , and the Egyptian pound also witnessed a decline, reaching SDGs 51.84 , and the Qatari riyal recorded SDGs 643.83 – SDGs 686.81 , the Omani riyal SDGs 6184.21 – SDGs 6578.94 , and the Kuwaiti dinar SDGs 7580.64 – 8064.51 .
At a time when the dollar purchase price at Khartoum Bank settled at SDGs 1870 , while the selling price reached SDGs 1884.03, and its price at Omdurman Bank reached SDGs 1790, and the dollar purchase price at Faisal Islamic Bank recorded SDGs 1850 , and SDGs 1863 for sale. Economists attributed the decline in dollar prices and their unrealistic rise to currency brokers’ speculation, while currency traders attributed the decline to the decline in demand in addition to the spread of news about Sudan receiving a Qatari deposit and some people’s fear of incurring losses.
