The forex market in Khartoum has exploded … the dollar is surging at unprecedented prices, and the pound sterling and the euro are recording crazy numbers.

Khartoum “Taq Press” – The currency exchange markets have experienced an unprecedented disruption of buying and selling on the parallel market, in a very big paradox compared to the official buy and sell prices in banks and foreign exchange, as announced by the Central Bank of Sudan.

Today, Tuesday, the price of the dollar against the Sudanese pound, during parallel transactions on the (black) market, exceeded unprecedented prices.

According to traders and currency traders in the parallel market, the Sudanese pound fell in the morning against foreign currencies, during black market transactions.

The average dollar price was 270 pounds, compared to (55) pounds buying and 55.27 pounds selling, the official price of the Bank of Sudan.

Foreign currency prices in the Sudanese parallel market have jumped against the pound due to scarcity of supply and increased demand, according to traders and dealers in the market.

Traders have indicated an increase in the volume of speculation from the previous days, amid expectations of a further rise in the dollar in the coming days.

The price of the euro on the black market reached 321 pounds, while banks had 67.81 pounds to buy and 68.15 pounds to sell.

The price of sterling on the black market has risen to 348 pounds, and the Central Bank of Sudan has a record 74.79 pounds buying and 75.17 pounds selling.

The price of the Saudi riyal rose on the black market to 71 pounds, and at the Central Bank, the riyal registered 14.67 pounds for buying and 14.74 pounds for selling.

The price of the Emirati dirham on the parallel market was stable at 72.5 pounds, and in banks the price was 14.97 pounds buying and 15.04 pounds selling.