– Announcement –
Village– is back The price of the dollar in SudanThere is a decline in banks today, Saturday 10 December 2022 after reaching levels competitive with the black market price for the past few days, while the price of the British pound and the European euro have seen a sharp increase, according to a bulletin issued by the Bank of Khartoum, the largest government bank.
The price of the dollar in Sudan today in the banks
Sign in price in dollars In Sudan today, Saturday, £576.50 buying and £580.82 selling, while the dollar price stabilized at Black market At £580 to buy and £582 to sell.
The price of the euro in Sudan today
and register Price EurosToday, Saturday, in Sudan, in the banks, 607.16 pounds bought and 611.72 pounds sold.
The price of the British Pound in Sudan today
The price of the British pound was recorded today in Sudan at the Bank of Khartoum, £706.16 buying and £711.80 selling.
The price of Saudi riyal in Sudan today
The price of the Saudi riyal against the Sudanese pound today recorded £152.11 for buys and £153.25 for sell.
UAE dirham price in Sudan today
Today, the price of the Emirati dirham in Sudan at official banks recorded £157.51 for buying and £158.69 for selling.
The price of the Qatari riyal in Sudan today
– Announcement –
The price of the Qatari riyal in Sudan today was recorded with banks at around £157.59 for buying and £158.78 for selling.
The price of Bahraini dinar in Sudan today
The price of the Bahraini dinar was recorded at £1529.58 to buy and £1541.05 to sell.
The black market is expanding and spreading
Chaos has engulfed currency markets in Sudan, amid the absence of government role in overseeing transactions due to the shortage of the dollar, leading to the return and expansion of the black market after its disappearance for a period limited after exchange rate unification and enforcement of central bank policies of pumping US currency into commercial banks.
In the center of the Sudanese capital, Khartoum, currency trading operations have surged in all manner of ways during the latest period without any legal accountability or oversight from the relevant authorities, in light of the authority’s concern over political conflicts and the security turmoil.
And at a time when dollar prices maintained their stability against the local currency officially in the exchanges at around £570, and in the banks between £576 and £578, with no availability due to lack of supply, the price of the US currency on the black market rose to more than £580.
Dealers and traders in the black market claim that the scarcity of hard currency has led to an increase in demand and a daily increase in its prices, which has made the market subject to supply and demand, according to what big traders love.
The United Nations criticizes the Sudanese monetary policy
The United Nations has said that the interventions of the Central Bank and the restrictive monetary policy have contributed to the contraction of economic activity and the stabilization of the exchange rate in Sudan.
And it started Sudanese economy It will resume in 2021, following reforms implemented by the transitional government, but the coup d’état of General Abdel Fattah al-Burhan has once again led to a contraction of the economy.
On Wednesday, the Secretary-General of the United Nations, Antonio Guterres, presented to the UN Security Council a report on the developments of the situation in Sudan and on the activities of the UN mission in the period from August 21 to November 20, 2022.
The report said: “Central bank interventions and tighter monetary policy have contributed to the contraction of the economy and the stabilization of the exchange rate.”
He pointed out that this policy is represented by only a 36% increase in the money supply, from January to September 2022, compared to a 128% increase during the same period in 2021.
The UN report forecast the Sudanese economy to contract by 0.3% in 2022, after achieving an estimated growth of 0.5% in 2021.
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