Currency Traders Suffer Major Losses
Sudan Events – Rehab Abdullah
Informed sources told Al-Ahdath that currency traders have incurred significant losses after the recent drop in prices, following their purchase of large amounts of foreign currency. This comes as some traders refrained from selling in the parallel market, anticipating another price surge.
On Saturday, the parallel market witnessed a further decline in foreign exchange rates, following an unprecedented spike last week.
Currency market dealers reported that the U.S. dollar traded between SDG 2,800 and SDG 2,900. The Saudi riyal ranged between SDG 773 and SDG 800, while the UAE dirham ranged between SDG 790 and SDG 817—down from SDG 878.75. The euro was priced at SDG 3,529.41, down from SDG 3,794.12. The British pound stood at SDG 4,054. The Egyptian pound traded between SDG 61,000 and SDG 63,000 per 1,000 units—down from SDG 65,000. The Bahraini dinar fell to SDG 7,894.74 from SDG 8,486.84. The Qatari riyal dropped to SDG 824.18 from SDG 885.99, and the Omani riyal declined to SDG 7,894 from SDG 8,490.
