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CountryToday, Saturday, December 10, 2022, the price of the dollar in Sudan has returned to decline in banks after it reached levels that compete with the black market price during the past days, while the price of the pound sterling and the European euro witnessed a clear rise, according to a bulletin issued by Khartoum Bankthe largest state bank.
The price of the dollar in Sudan today in banks
register dollar price In Sudan today, Saturday, 576.50 pounds for purchase, and 580.82 pounds for sale, while the price of the dollar on the black market stabilized at 580 pounds for purchase, and 582 pounds for sale.
The price of the euro in Sudan today
and register Euro priceToday, Saturday, in Sudan, in banks, 607.16 pounds for purchase, and 611.72 pounds for sale.
The price of the pound sterling in Sudan today
The price of the pound sterling was recorded today in Sudan at the Bank of Khartoum, 706.16 pounds for purchase, and 711.80 pounds for sale.
The price of the Saudi riyal in Sudan today
The price of the Saudi riyal against the Sudanese pound today recorded 152.11 pounds for purchase, and 153.25 pounds for sale.
The price of the UAE dirham in Sudan today
Today, the price of the Emirati dirham in Sudan at official banks recorded 157.51 pounds for purchase, and 158.69 pounds for sale.
The price of the Qatari riyal today in Sudan
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The price of the Qatari riyal today in Sudan was recorded at banks at about 157.59 pounds for purchase, and 158.78 pounds for sale.
The price of the Bahraini dinar in Sudan today
The price of the Bahraini dinar was recorded at 1529.58 pounds for purchase, and 1541.05 pounds for sale.
The black market is expanding and spreading
Chaos struck the currency markets in Sudan, amid the absence of the government’s role in controlling transactions, due to the scarcity of the dollar, which led to the return and expansion of the black market again, after its disappearance for a limited period following the unification of the exchange rate, and the application of the Central Bank’s policies of pumping the US currency into commercial banks.
In the center of the Sudanese capital, Khartoum, currency trading operations have increased in all ways, during the recent period, without any legal accountability or oversight from the competent authorities, in light of the authority’s preoccupation with political conflicts and security unrest.
And at a time when dollar prices maintained their stability against the local currency officially in exchanges at about 570 pounds, and in banks between 576 and 578 pounds, with no availability due to lack of supply, the price of the American currency on the black market rose to more than 580 pounds.
Dealers and dealers in the black market say that the scarcity of hard currency has led to an increase in demand for it and an increase in its prices daily, which has made the market subject to supply and demand, according to what the big traders love.
The United Nations criticizes Sudanese monetary policy
The United Nations said that the interventions of the Central Bank and the restrictive monetary policy contributed to the contraction of economic activity and the stabilization of the exchange rate in Sudan.
Sudan’s economy began to recover in 2021, as a result of reforms implemented by the transitional government, but the coup carried out by General Abdel Fattah al-Burhan led to a contraction of the economy once again.
On Wednesday, the Secretary-General of the United Nations, Antonio Guterres, presented a report to the UN Security Council, on the developments of the situation in Sudan, and the activities of the UN mission during the period from August 21 to November 20, 2022.
The report said: “The central bank’s interventions and more restrictive monetary policy contributed to the contraction of the economy and the stabilization of the exchange rate.”
He pointed out that this policy is represented in an increase of only 36% in the money supply, from January to September 2022, compared to an increase of 128% during the same period in 2021.
The UN report expected the Sudanese economy to contract by 0.3% in 2022, after achieving an estimated growth of 0.5% in 2021.