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KHARTOUM - 29 Dec 2016

Sudanese pound continues to weaken against dollar

The value of the Sudanese pound has continued to weaken against foreign currencies in the parallel market in Khartoum city.

The exchange rose to 19.75 SDG per dollar on the parallel market, and other currencies saw a similar rise in value against the Sudanese pound. One Saudi Riyal rose to 5.8 SDG.

Meanwhile, several traders reported rising prices of essential commodities at the market due to unfavourable price of dollar against the Sudanese pound.

For their part, Sudan’s Ministry of Finance and Central Bank said that they plan to enact laws restricting currency trading at the market in an attempt to control the rise of currency exchange rate.