Foreign Currency Prices Decline in the Parallel Market

Follow-ups by Al-Ahdath revealed a decline in the prices of most foreign currencies against the Sudanese pound in the parallel market. Currency traders stated that the purchasing price of the U.S. dollar on Tuesday’s transactions fell to 2,750 pounds for buying and 2,800 pounds for selling. The purchasing price of the Saudi riyal also dropped to 746 pounds, and the selling price to 757 pounds. The Egyptian pound’s rate declined to 57.85 pounds, while the Omani rial decreased to 7,179.48 pounds. The price of the UAE dirham reached 762.94 pounds, the euro settled at 3,076.92 pounds, the British pound recorded 3,684.21 pounds, and the Bahraini dinar was priced at 7,368.42 pounds. The Qatari riyal saw a slight increase, reaching 769.23 pounds, while the Kuwaiti dinar remained stable at 9,032.25 pounds.

Traders in the currency market attributed this decline to reduced demand after large orders came to a halt. Meanwhile, foreign currency prices remained stable in Sudanese banks, with Omdurman National Bank offering the highest buying price for the dollar at 1,990 pounds and selling at 2,004.92 pounds. Faisal Islamic Bank set the buying price at 1,985 pounds and the selling price at 1,999.8875 pounds. Bank of Khartoum maintained its buying price for the dollar at 1,982 pounds and the selling price at 1,996.87 pounds.