The price of the dollar against the Sudanese pound stabilized at the beginning of trading today, Saturday, in the informal “black” parallel market.
The Sudanese pound recorded 250 pounds per dollar, during early trading on Saturday morning, after a rise during the past days from the level of 245 pounds.
The Central Bank of Sudan fixed the price of the US dollar at 55 pounds for purchase, compared to 55.27 pounds for sale.
The price of the euro and sterling
In the Central Bank, the euro price was recorded at 64.55 pounds for purchase, 64.87 pounds for sale, and 71.28 pounds for sale, and 71.63 pounds for sale.
The price of the European euro against the Sudanese pound on the parallel market was 286 pounds, and the pound sterling was 316 pounds.
Real, dirham, and dinar prices
In the Central Bank, the Saudi riyal recorded 14.67 pounds for purchase, 14.74 pounds for sale, the Emirati dirham 14.97 pounds for purchase, 15.04 pounds for sale, and the Kuwaiti dinar 179.52 pounds for purchase, and 180.42 pounds for sale.
On the black market, the price of the Saudi riyal was 65.20 pounds, the Emirati dirham 70 pounds and the Kuwaiti dinar 660 Sudanese pounds.
Reviving oil resources
It is worth noting that Sudan intends to increase its oil production by about 20 thousand additional barrels per day, as part of a plan to extract from new fields and expand exploration operations.
Sudan is trying to increase oil production to reduce costly fuel imports, after losing 73% of production after the secession of South Sudan in 2011.
At the end of last week, the Sudanese government began implementing a policy of gradually removing subsidies on gasoline and gasoline, as part of a program for economic reform in the country supervised by the International Monetary Fund.
The decisions decided to sell commercial fuel through 15 private companies at a rate of 120 pounds per liter of gasoline and 106 pounds per liter of gasoline, while subsidized fuel was allocated to services by 56 per liter of gasoline and 46 pounds per liter of gasoline.
Ayman Abul-Goukh, Director General of the Sudanese National Petroleum Company (Sudapet), told Reuters that Sudan would add 3 thousand barrels per day to its oil production from a new field, which would raise the country’s production to 64 thousand barrels per day.
He added that Sudan hopes to add 20 thousand barrels per day next year if the Finance Ministry approves exploration funds.
He stated that the authorities hoped to attract investments from Western companies after the United States confirmed that it would remove Khartoum from the list of countries sponsoring terrorism, which was hindering international financing and debt relief.
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