New Developments in Foreign Currency Prices
Several foreign currencies—including the Egyptian pound, the British pound sterling, and the euro—recorded noticeable declines in Friday’s trading on the parallel (informal) market. Meanwhile, the US dollar, Saudi riyal, UAE dirham, and Qatari riyal remained largely stable at recently recorded levels.
Traders in the informal foreign exchange market attributed the decline in some currencies to reduced demand for imports and a slowdown in cross-border trade, linked to the ongoing Israeli-American war against Iran.
According to market dealers, the US dollar purchase price stabilized at 3,665 Sudanese pounds, while the selling price reached 3,700 pounds.
The Saudi riyal was recorded at 1,000 pounds for sale and 976 pounds for purchase, while the UAE dirham ranged between 997 and 1,000 pounds.
The euro fell to 4,255.81 pounds, while the British pound sterling was recorded at 4,880 pounds.
The Egyptian pound also declined, with the purchase price reaching 71.500 pounds and the selling price 72.908 pounds.
Meanwhile, the Bahraini dinar stabilized at 9,631.5 pounds, the Qatari riyal reached 1,005.49 pounds, the Omani riyal was recorded at 9,600 pounds, and the Kuwaiti dinar stood at 11,806.4 pounds.
