The price of the dollar in Sudan today, Wednesday, November 25, 2020

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The price of the dollar continued to rise against the Sudanese pound, during the Sudanese “black” market trading on Wednesday, amid the worsening green currency shortage crisis.

The price of the dollar on the black market increased to 262 pounds, compared to 260, on Tuesday, according to local media.

The price of the green currency at the Central Bank of Sudan remained fixed at 55 pounds for purchase, compared to 55.27 pounds for sale.

While the price of the euro fell, and the price of the pound sterling, in the Central Bank of Sudan

Massive campaigns

The rise in the dollar came despite decisions taken by the Sudanese government that were supposed to lead to easing pressure on foreign exchange and easing black market transactions.

The government launched intense security campaigns and arrested currency dealers, and Sudanese banks began receiving bank transfers in dollars for the first time in nearly 20 years.

The economic expert, Adel Khalaf Allah, attributed the reasons for the rise in the dollar as a result of the expansion in foreign exchange speculation, in addition to the lack of abundance in commodities.

Khalaf added to Al-Ain News that this matter will not contribute to building up foreign exchange reserves in the Central Bank.

The first reduction in fuel prices

On Saturday, Sudan’s Acting Minister of Energy and Mining, Khairy Abdel Rahman, announced the new prices for fuel in the country, and included a reduction in the price of gasoline and diesel.

And the Chargé d’Affairs announced that the price of gasoline has become 106 pounds per liter from the previous price of 120 pounds per liter, a decrease of 14 pounds per liter.

Abdel-Rahman said that the price of gasoline has decreased from 106 pounds per liter to 99 pounds per liter.

At the beginning of this month, Sudan raised domestic fuel prices to double to face the budget deficit in light of a stifling economic crisis.

And still high external debt and arrears owed by Sudan for a long time limit its access to external loans, including loans from the International Monetary Fund amounting to 1.3 billion dollars to Sudan.

The price of the euro and sterling

The price of the euro in the Central Bank of Sudan fell to 65.131 pounds for purchase, 65.457 pounds for sale, compared to 65.30 pounds for purchase, and 65.63 pounds for sale, yesterday.

While the price of the pound sterling in the Central Bank of Sudan rose to 93,294 pounds for purchase, 73,660 pounds for sale, compared to 73.24 pounds for purchase, and 73.60 for sale yesterday.

Real and dirham rates

In the Sudanese Central Bank, the exchange rate of the Saudi riyal decreased slightly to about 14.67 pounds for purchase, about 14.74 pounds for sale, compared to about 14.68 pounds for purchase, and about 14.76 pounds for sale, yesterday, while the Emirati dirham stabilized at 14.97 pounds for purchase and 15.04 pounds for sale.

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