June 16, 2020 (Khartoum) The exchange rate of foreign currencies against the Sudanese pound in the Sudanese capital Khartoum is witnessing unprecedented rise with the national currency registering a
great decline, leading to continued hike in prices of major commodities.
On Tuesday, the exchange price of one U.S. dollar registered 151 Sudanese pounds (SDGs) in the parallel market, while one Saudi Riyal equals 40 SDGs and one pound sterling nearly 187 SDGs, according to
foreign currency dealers in Khartoum.
Alhaj Hassan Juma a Sudanese citizen, told Darfur24 that “the rise in the exchange prices of foreign currencies against the Sudanese pound has caused a hike in the prices of basic commodities.”
“There is a close bond between the dollar’s exchange price against the Sudanese pound and the rise in the prices of basic commodities, where the merchants use the dollar as an excuse to increase the prices,” he
noted.
Dealers in the foreign currency market expected that the coming days would witness further rise in the prices of foreign currencies, namely the U.S. dollar, due to what they said high demand and low supply of
foreign currencies.
Recently, Sudan’s Finance Minister Ibrahim Elbadawi announced a plan to revive the Sudanese economy after agreeing with the international community on a roadmap.