The dollar continued to rise against the Sudanese pound in early trading on the “black” parallel market today, Monday, amid shortage of supply and increased demand.
The exchange rate of the dollar against the Sudanese pound was about 240 pounds, compared to 237 pounds at the close of Sunday’s trading, according to Sudanese media.
Traders attributed the rise to the increase in demand for foreign currencies, while they expect prices to decline in the coming days, especially if the government provides dollars to companies importing petroleum products from the strategic commodity portfolio instead of the parallel market.
The average price of the US dollar in official banks in Sudan to buy was 55 pounds, compared to 55.27 pounds for sale.
The price of the euro and sterling
The price of the European euro against the Sudanese pound in the parallel market today rose to 270 pounds, compared to 267 pounds on Sunday, and the price of the pound sterling against the Sudanese pound settled at 295 pounds.
In banks, the price of the euro reached 64 pounds, and the price of the pound sterling 71.
Real, dirham and dinar
The price of the Saudi riyal on the parallel market rose to 64 pounds, and in banks it reached 14,6714 pounds for purchase, 14,744 pounds for sale.
The price of the Emirati dirham rose at 67 pounds compared to 62 yesterday, and settled on the trading screens of the Central Bank of Sudan at 14.97 pounds for purchase, and 15.05 pounds for sale.
The price of the Kuwaiti dinar increased to 650 pounds, compared to 620 pounds, and in banks it rose to 179.74 pounds for purchase, 180.64 pounds for sale.