Sudan: New Sharp Rise in Sudan Pound - U.S. Dollar Rate

Khartoum — On Wednesday, the Dollar exchange price rose sharply against the Sudanese Pound in the parallel markets outside the country: the sale price of the greenback rose to SDG 44 for foreign transactions in the Gulf and to SDG 41.50 at home.

Economic expert Dr Sidgi Kaballo attributed in an interview with Radio Dabanga the increasing rise in the price of the Dollar to the increasing demand and the insufficient foreign exchange reserves at the Central Bank of Sudan (which still quotes an indicative US Dollar rate of SDG 28.148).

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