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The price of the dollar against the Sudanese pound jumped today, Sunday, by 7 pounds in unofficial transactions on the parallel market.
At the Central Bank of Sudan, green currency came in at 55 pounds when bought, compared to 55.27 pounds when sold.
This rate was repeated in most banks and exchange companies operating in Sudan.
The rise in the dollar’s price on the black market comes as Sudan nears the implementation of its 2021 budget, which includes austerity measures and liberalization of fuel prices.
Yesterday, the joint meeting of ministerial sector technical committees in the Sudanese Council of Ministers discussed the foundations and rules of the general budget for the 2021 fiscal year.
According to the meeting, the rules for the fiscal year 2021 budget included a set of financial policies, the most important of which is the reform of public finances through the development and activation of revenue sources and the rationalization of public expenditure.
External funding
It also included expanding external financing opportunities and strengthening the institutional environment to restore economic growth.
The 2021 budget in Sudan aims to reduce the overall budget deficit, diversify revenue sources and curb inflation, as well as reduce the impact of economic reforms on vulnerable groups and groups.
The joint technical committee meeting recommended the need to fully implement the unified treasury system and speed up the adoption of the investment law.
Annual inflation in Sudan has been at record rates, reaching 229.85 percent last October, down from 212.29 percent in September, driven by food and transport prices, according to data from the Sudanese Statistics Authority.
Sudan’s external debt has reached $ 60 billion and is in urgent need of financial assistance to reorganize its economy.
Sudan’s long external debt and arrears still limit its access to external loans, including International Monetary Fund loans, amounting to $ 1.3 billion, to Sudan.
The price of the euro and the pound sterling
The price of the euro at the Central Bank of Sudan was 64.74 pounds buy and 65.07 pounds sell, while the pound sterling was 72.63 pounds buy and 72.99 pounds. books for sale.
On the black market, the euro jumped to 291 pounds from 286 pounds yesterday.
The pound sterling also rose to 322 pounds, from 316 pounds yesterday.
Real, dirham and dinar
At the Central Bank of Sudan, the Saudi Riyal exchange rate stabilized at 14.67 pounds buying and around 14.74 pounds selling.
The UAE dirham recorded 14.97 pounds for purchase and 15.04 pounds for sale, and the Kuwaiti dinar recorded 179.50 pounds for purchase and 180.40 pounds for sale.
On the black market, the price of the Saudi riyal rose to 67 pounds, from 65.20 pounds yesterday.
The price of the Emirati dirham is 68 pounds and the Kuwaiti dinar is 660 pounds.
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