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The high price of the dollar in Sudan at the beginning of trading on Saturday

The high price of the dollar in Sudan at the beginning of trading on Saturday

The price of the dollar rose in Sudan, at the beginning of trading on Saturday, April 24, 2021, on the black market, while it stabilized at the Central BankThe local currency in Sudan retreated against a basket of foreign currencies after nearly two months of improvement following the transitional government’s devaluation of the pound to about 7 times.

Friday and Saturday are official holidays for banks in SudanThe price of the US dollar at the Central Bank of Sudan stabilized at 38176 pounds to buy, and 38367 pounds for saleWhile the average price of the dollar on the parallel market rose to 391 pounds, compared to about 388 pounds yesterday, according to local media.

The advent of Ramadan coincided with an unprecedented decline in the Sudanese economy, which is also reflected in an unprecedented increase in the inflation rate, which exceeded 300%.

In light of Sudan’s economic reforms, international institutions continue to support Khartoum through debt relief and cancellationThe surprise came this time from the African Development Bank, which presented a “gift” to the Sudanese people during the month of Ramadan by settling some debtsThe African Development Bank announced that the group’s board of directors had approved a plan to liquidate Sudan’s arrears, which amounted to $ 413 millionThis decision is in response to the call of Washington and the International Monetary Fund, at the beginning of this month, to fully support the process of debt relief for Sudan.

The price of the European euro against the Sudanese pound stabilized at the Central Bank of Sudan, reaching 45956 pounds to buy and 46185 pounds for saleWhile the average price of the European euro on the parallel Sudanese market rose to 465 pounds, compared to about 460 pounds yesterdayRegarding the price of the pound sterling at the Central Bank of Sudan, it remained fixed at 532 pounds for purchase and 53466 pounds for saleWhile the price of the pound sterling in the unofficial parallel (black) Sudanese market increased to the level of 550 pounds, compared to about 540 pounds yesterday.

The price of the Saudi riyal at the Central Bank of Sudan, today, Saturday, remained stable at 10181 pounds to buy, and 10232 pounds for sale, while the average price on the parallel market increased to 104 poundsThe price of the Emirati dirham at the Central Bank of Sudan settled at 10394 pounds to buy and 10446 pounds for saleWhereas, the average price of the dirham in the informal “black” parallel Sudanese market remained at about 106 poundsThe Kuwaiti dinar rate has stabilized at the Central Bank of Sudan, at 126078 pounds to buy and 1,26709 pounds for sale

The high price of the dollar in Sudan at the beginning of trading on Saturday
The high price of the dollar in Sudan at the beginning of trading on Saturday