Economic

Expectations of recovery of the Sudanese Pound

Sudan Events-Rehab Abdullah

Experts expected that the Sudanese currency would witness a recovery, following the establishment of a portfolio to import strategic goods.
He said it is not important at the moment that hard currency will decline, but rather its stability. In addition, (Sudan Events ) monitored the stability of foreign exchange rates in Sudan at the last rise it achieved, prior to the announcement of the portfolio.
According to dealers in the foreign currency market, the price of the US dollar in parallel market trading (Tuesday) amounted to SDGs 2,700 , while the Saudi riyal settled at SDGs 720 , while the price of the UAE dirham was SDGs735.69 It was SDGs 2934.78, and the euro was SDGs2934.78 , and the pound sterling reached SDGs 3506.49 .
The price of the Egyptian pound reached SDGs 55.99 , and the price of the Bahraini dinar stabilized at SDGs 7105.26 , while the price of the Qatari riyal was SDGs 739.72 , and the price of the Omani riyal reached SDGs 7105.26 The Kuwaiti dinar was SDGs 8709.67 .
Bank prices witnessed stability at the latest prices announced, and the purchase price of the dollar at Bank of Khartoum reached SDGs 1870 , while the selling price reached SDGs 1884.03, and its price at Omdurman Bank reached SDGs 1790 , at a time when the purchase price was recorded.
The dollar at Faisal Islamic Bank is SDGs 1850 and SDGs1863 for sale.

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