The Dollar Price in Sudan Today, Friday, October 30, 2020

The price of the dollar rose against the Sudanese pound today, Friday, by around 20 pounds in informal “black” parallel market transactions.

The dollar’s exchange rate against the Sudanese pound was around 230 pounds, compared to 210 pounds when negotiations closed on Thursday, Sudanese media reported.

The price of the US dollar in banks operating in Sudan remains at 55 pounds buying and 55.27 pounds selling, unchanged for months.

Over the past 3 years, the Sudanese pound to dollar exchange rate has collapsed from an average of 40 per dollar to 260 pounds last week, before improving to an average of 232 pounds in the middle of this week.

The International Monetary Fund has revealed its intention to reduce Sudan’s debt burden after its exclusion from the list of terrorism sponsoring countries prepared by the United States, which in turn restored the recovery of the Sudanese pound from the currencies.

The International Monetary Fund has said that the U.S. government’s plans to exclude Sudan from the list of states sponsoring terrorism will remove one of the obstacles the heavily indebted country faces in its quest to ease the debt burden.

The increases implemented in Sudan on gasoline and gasoline have approached 5 times, with the price of a liter of commercial gasoline reaching 120 pounds and that of gasoline 106 pounds, and this is sold at around 15 stations. imported by the private sector.

While subsidized fuel still exists under the name ‘khadami’, which is intended for the public transport, agriculture and mining sectors, one liter of gasoline is sold for 56 pounds and 46 liters of gasoline. , according to prices announced by the Ministry of Petroleum.

These measures are part of an integrated program of reform of the Sudanese economy overseen by the International Monetary Fund and which relies mainly on the removal of all government support for raw materials, known in the media as “bitter medicine”.

The price of the euro and the pound sterling

The average price of the European euro on the parallel market rose to 260 pounds from 231 pounds, and its price on banks’ trading screens fell to 61.17 pounds buying and 61.47 pounds selling .

The average parallel market price for British pound rose to £ 280 from £ 248 at the end of Thursday’s trading, as it was recorded in banks at £ 67.85 to buy, 68.19 books for sale.

Real price, dirham and dinar

The average price of the Saudi Riyal on the unofficial (black) parallel market rose to 58 pounds, from 53 pounds on Thursday, when it was recorded in banks at 14.65 pounds on purchase and 14.72 pounds on the sale.

The average price of the Emirati dirham rose to 60 pounds at the start of Friday’s parallel market trading, from 55 pounds yesterday, Thursday, as it settled on the Central Bank of Sudan’s trading screens at 2 p.m. 97 pounds for purchase and 15.05 pounds for sale.

The price of the Kuwaiti dinar on the unofficial (black) parallel market was around 605 pounds, and in banks it was 176.84 pounds for buying and 177.73 pounds for selling.