Hesitation in U.S. Dollar Trading
Banking experts have warned of the impact of U.S. sanctions on Sudan’s banking system and the exchange rate of the Sudanese pound. Meanwhile, currency traders revealed a cautious atmosphere in the market, with some dealers refraining from trading altogether.
On Saturday, foreign currency prices in the parallel market remained stable at their recently increased levels, resulting in a significant drop in the value of the Sudanese pound.
According to currency dealers:
The U.S. dollar stabilized at SDG 2,740.
The Saudi riyal was at SDG 730.66.
The UAE dirham recorded SDG 746.59.
The Euro reached SDG 3,078.651.
The British pound sterling was at SDG 3,702.7027.
The Egyptian pound stood at SDG 55.0753.
The Bahraini dinar reached SDG 7,210.526.
The Qatari riyal recorded SDG 752.747.
The Omani riyal stood at SDG 7,210.
The Kuwaiti dinar reached SDG 8,838.709.
