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The average dollar price fell against the Sudanese pound at the start of trading today, Wednesday, on the “black” parallel market due to lack of demand.
According to local media, the price of the dollar in these trades hit 251 pounds from 255 pounds on Tuesday, as markets experience a severe shortage of green currencies.
The Central Bank of Sudan has set the price of the US currency at 55 pounds when bought, compared to 55.27 pounds when sold.
The same rhythm is repeated in most of the banks and exchange companies operating in Sudan.
Inflation is wild
The Sudanese Central Bureau of Statistics announced that the country’s inflation rate rose to 229.85 percent during the month of October, from 212.29 percent in September.
The government agency attributed the rise in the inflation rate to the rise of certain components of the food and beverage group at 19.44053% for the month of October, compared to a rate of 175.60% last September.
According to the circular, the underlying inflation rate excluding the food and drink group was 280.51% for October, down from 264.59 for the previous month.
The statement pointed out that the inflation rate of imported goods in the consumer basket was 181.87 percent for last month, compared to 159.9 for September.
The price of the euro and the pound sterling
The price of the euro rose, against the Sudanese pound, at the central bank, to 65.40 pounds, and the pound sterling rose to 72.51 pounds to buy and 72.87 pounds to the sale.
Real, dirham and dinar
At the Central Bank, the exchange rate for the Saudi riyal stood at 14.67 pounds when buying, 14.74 pounds when selling, the UAE dirham at 14.97 pounds when buying, 15.04 pounds for sale and the Kuwaiti dinar 179.03 pounds for purchase and 179.93 pounds for sale.
On the black market, the price of the Saudi riyal was recorded at 67 pounds, the UAE dirham at 70 pounds, and the Kuwaiti dinar at 670 pounds.
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