The price of the dollar in Sudan today, Wednesday, October 14,...

The price of the dollar in Sudan today, Wednesday, October 14,...
The price of the dollar in Sudan today, Wednesday, October 14,...
The average price of the dollar against the Sudanese pound jumped today, Wednesday, in the parallel “black” market by about 10 pounds, as the Sudanese currency continued to decline amid the shortage of supply.

The price of the dollar in banks and exchange companies settled at 55 pounds for purchase and 55.72 pounds for sale.

The price of the dollar on the black market increased by 10 pounds, to 260 pounds, compared to 250 pounds, on Tuesday, according to local media.

Inflation

Inflation has continued to rise in Sudan, with the continued rise in food, beverage and fuel prices, and the expansion of the parallel “black” market for the US dollar.

The Sudanese Statistics Agency said that annual inflation accelerated to 212.29% last September from 166.83% last August, driven by an increase in food and transportation prices.

Fuel subsidies

The dollar exchange rate continues to rise for the fourth day, after the Sudanese Ministry of Energy and Mining revealed the government’s steps to implement the decision to liberalize fuel prices, which it took a long time ago and was not implemented.

The volume of public debt in Sudan has reached more than $ 60 billion, amid strict government measures to pay the debt bill that threatens an economic disaster during the coming period.

The transitional government of Sudan is pursuing a reform program agreed with the International Monetary Fund, which includes the removal of government subsidies on gasoline and gasoline.

Sudan suffers from severe economic crises, a shortage of basic commodities and high poverty rates, at a time when the transitional government seeks to bring the country to safety.

The Euro and the British Pound

The average price of the euro in banks was 64.88 pounds for purchase and 65.21 pounds for sale, compared to 65.03 pounds for purchase and 65.35 pounds for sale, yesterday, Tuesday.

The pound sterling reached 71.75 pounds for purchase and 72.11 pounds for sale, compared to 71.72 pounds for purchase and 72.08 pounds for sale on Tuesday, according to the Central Bank of Sudan.

The price of the riyal and the dirham

The price of the Saudi riyal settled at 14.66 pounds for purchase and 14.74 pounds for sale, and the Emirati dirham at 14.97 pounds for purchase and 15.04 pounds for sale in banks.

While the price of the Kuwaiti dinar rose to 179.56 pounds for purchase and 180.64 pounds for sale, compared to 178.74 pounds for purchase and 179.63 pounds for sale on Monday.

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