The price of the dollar in Sudan today, Thursday, October 1,...

The price of the dollar in Sudan today, Thursday, October 1,...
The price of the dollar in Sudan today, Thursday, October 1,...
The price of the dollar against the Sudanese pound stabilized today, Thursday, in the informal “black” parallel market, while the price of the green currency at the Central Bank of Sudan stabilized at 55 pounds for purchase and 55.27 pounds for sale.

The central bank rate was repeated on the screens of most banks and exchange companies operating in Sudan.

On the black market, the dollar stabilized during today’s trading at 245 pounds.

The stability of the price of the dollar comes after the Sudan Economic Conference, which issued 160 recommendations for reform, led by the reduction of government subsidies for fuel.

The participants recommended the necessity of rationalizing subsidies on petrol and gasoline, maintaining government support for wheat, medicine, electricity and cooking gas, and providing in-kind support to vulnerable families.

The recommendations also included adopting the interest rate as a tool to implement monetary policy and the cost of borrowing and reducing high levels of inflation to limit the influence of economic policies that stimulate inflation, in addition to supporting industrial and agricultural production inputs.

The recommendations included work to attract the savings of expatriates, the formation of a commission to combat corruption and legal reform, the achievement of the Ministry of Finance’s mandate over public funds, and the exit of security companies from the competition of the private sector in export and import operations.

The conference also recommended empowering young people and creating job opportunities and involving them in developing economic plans, encouraging innovation, and undertaking legislative reforms in laws related to the banking system.

It also recommended the necessity of increasing the value of customs on luxury goods and using electronic systems to allocate support in strategic goods to the target groups with smart cards.

The recommendations in this axis coincide with the economic reform program agreed upon between the transitional government and the International Monetary Fund, which began to be implemented months ago.

The price of the euro and sterling

The European euro recorded 64.54 pounds for purchase and 46.86 pounds for sale, in the Central Bank of Sudan, and the British pound recorded 70.63 pounds for purchase and 70.99 pounds for sale.

On the black market, the euro recorded 286 pounds and the sterling 316 pounds.

The price of the riyal and the dirham

The Saudi riyal recorded 14.66 pounds for purchase and 14.73 pounds for sale, and the Emirati dirhams 14.97 pounds for purchase and 15.05 pounds for sale at the Central Bank of Sudan.

In the same bank, the Kuwaiti dinar recorded 179.26 pounds for buying and 180.16 pounds for sale.

On the black market, the riyal recorded 65.20 pounds and the dirham 68 pounds, while the Kuwaiti dinar scored about 660 pounds.

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