Currency Rates Stabilize in Sudan Despite Ceasefire Negotiation Failure
June 24, 2023 – Khaleejiun News
The average prices of the dollar and other currencies in Sudan were published today by the Khaleejiun News website. Despite the failure of ceasefire negotiations between conflicting parties, currency rates against the Sudanese pound remained stable.
According to data from the Bank of Khartoum, which now provides daily updates due to the tense conditions in the country, currencies stabilized against the Sudanese pound today.
The price of the dollar in Sudan, as reported by the Bank of Khartoum, is 570.9 Sudanese pounds. However, in the unofficial (black) market, the exchange rate of the US dollar remained at 580 pounds, according to local media.
The European currency, the euro, also stabilized against the Sudanese pound. At the Central Bank, it was recorded at 617.93 pounds, while the Bank of Khartoum reported a decrease to 599.65 Sudanese pounds, compared to 607 pounds in the past. On the black market, the price of the euro reached 630 Sudanese pounds.
Arab currency rates in Sudan remained stable today, both on the official market and the black market.
The price of the Saudi riyal settled at 154 pounds on the black market, while its official price in the Bank of Khartoum was 148.6 pounds.
In the Sudanese market, the Emirati dirham remained officially priced at 155.4 pounds, according to data from the Bank of Khartoum. However, on the black market, the price reached 158 pounds.
The exchange rate between the Sudanese pound and the Egyptian pound on the black market was 19.47 pounds.
Despite the failure of ceasefire negotiations, the stability of currency rates against the Sudanese pound provides some relief for the people of Sudan. The situation remains tense, and the country continues to face challenges in achieving progress and resolving the conflict.
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What are the official and black market rates for US dollars and euros in Sudan
Currency Rates Maintain Stability in Sudan Amidst Ceasefire Negotiation Collapse
June 24, 2023 – Khaleejiun News
Khaleejiun News website released the latest currency rates in Sudan today, revealing that despite the breakdown of ceasefire negotiations, the value of foreign currencies against the Sudanese pound remained steady.
As per data provided by the Bank of Khartoum, which now issues daily updates considering the volatile situation in the country, currency rates against the Sudanese pound showed no significant fluctuations today.
The official exchange rate of the US dollar in Sudan, as reported by the Bank of Khartoum, stands at 570.9 Sudanese pounds. However, according to local media, the black market rate for the US dollar remains at 580 pounds.
Similarly, the European currency, the euro, exhibited stability against the Sudanese pound. At the Central Bank, the exchange rate was documented at 617.93 pounds, while the Bank of Khartoum reported a slight decrease to 599.65 Sudanese pounds, compared to 607 pounds previously. On the black market, the euro is valued at 630 Sudanese pounds.
In Sudan, Arab currencies also maintained stability, both in the official market and the black market.
On the black market, the Saudi riyal settled at 154 pounds, while the official price at the Bank of Khartoum was 148.6 pounds.
The Emirati dirham officially remained priced at 155.4 pounds, according to the Bank of Khartoum. However, the black market rate reached 158 pounds.
The exchange rate between the Sudanese pound and the Egyptian pound on the black market is 19.47 pounds.
Although the deadlock in ceasefire negotiations persists, the stability of currency rates against the Sudanese pound offers some respite for the people of Sudan. Nonetheless, the situation in the country remains tense, and significant challenges persist in achieving progress and resolving the conflict.
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“The continuous fluctuation in currency rates against the Sudanese Pound creates uncertainty for investors and challenges for the local economy. It is crucial for the Sudanese government to implement measures to stabilize the currency and attract foreign investments.”
It’s interesting to see how the Sudanese pound is performing against major currencies like the Dollar, Euro, Saudi Riyal, and UAE Dirham. Currency rates play a crucial role in determining the country’s economic stability and international relations.