The price of the dollar in Sudan today, Friday 6 March 2020

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The price of the dollar in Sudan

The price of the dollar in Sudan

The dollar exchange rate recorded its record rise against the Sudanese pound, on Friday, in the “black” parallel market, achieving 118 Sudanese pounds.

While the exchange rate of the green currency with the Central Bank of Sudan recorded 55 pounds for purchase and 55.27 pounds for sale.

The United States of America ended all economic sanctions imposed on the State of Sudan, and lifted the sanctions on 157 institutions.

According to the Sudanese News Agency, the Central Bank announced, on Wednesday, the end of all economic sanctions imposed on Sudan under Executive Orders 13067 and 13412.

The National Economic Conference, which seeks to devise a road map to save the Sudanese economy after the devastation it suffered during the rule of former President Omar al-Bashir, which began in 1989 and ended in April 2019, when toppled his regime, is being held in Khartoum from March 23 to 25 this year. A popular revolution, inherited a complex economic situation.

It is expected that the monetary and financial policies will take a large part of the conference discussions, especially in light of the continuous collapse of the Sudanese pound, whose value has decreased by about 30 percent during the past three months, which has led to widespread chaos in the markets, a continuous rise in commodity prices, and raised concerns Great among merchants and importers.

The Central Bank of Sudan is trying to curb inflation to bring it to 30%, compared to the current levels of about 60%, control liquidity, review banking performance, and take what is necessary to create stability in exchange rates.

In this context, the Central Bank of Sudan has taken several measures to maintain foreign exchange reserves, including banning the financing of car purchases, with the exception of cars 25 passengers, within its policies for financing foreign exchange companies, financing the purchase of currency and securities, trade the balance, and financing the purchase of gold.

The price of the euro and sterling

The price of the euro recorded to 61.23 pounds for purchase against 61.54 pounds for sale, while the average price of the British pound increased 70.80 pounds for purchase against 71.15 pounds for sale, according to the Central Bank of Sudan data.

On the black market, the euro recorded 130 pounds and sterling 149 pounds.

The price of the riyal, dirham and dinar

The Saudi riyal recorded 14.66 pounds for purchase compared to 14.73 pounds for sale, and the UAE dirham 14.97 pounds for purchase and 15.05 pounds for sale, and the Kuwaiti dinar price reached 178.68 pounds for purchase and 179.58 pounds for sale.

On the black market, the Saudi riyal exchange rate reached 31.46 pounds, while the UAE dirham recorded 32.32 pounds, and the Kuwaiti dinar price reached 245 pounds, according to local media sites in Sudan.





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