Home | News    Monday 20 February 2017

U.S. dollar inches up against Sudanese pound on black market

separation
increase
decrease
separation
separation

February 19, 2017 (KHARTOUM) - The exchange rate of the U.S. dollar on Sunday went up to 17,7 Sudanese pound (SDG) on the black market in Khartoum after a temporary decline since late January.

JPEG - 24.9 kb
U.S. dollar notes (Reuters/Athit Perawongmetha Photo)

Last November, Central Bank of Sudan (CBoS) introduced an incentive policy, increasing the exchange rate in commercial banks by 131%. As a result, the U.S. dollar exchange rate went up in banks to 15.8 SDG from the official rate of 6.5 SDG.

Following the CBoS decision, the dollar price went up and settled at 19,4 pounds on the black market.

However, the dollar price declined to 15,00 pounds in January following Washington’s decision to ease two-decade economic sanctions imposed on the east African nations.

Traders in Khartoum told Sudan Tribune that the dollar price reached 17,500 pounds on Sunday, expecting the price to settle at 18,00 pounds by the end of the week.

It is noteworthy that Sudan’s Finance Minister Badr al-Din Mahmoud had earlier said they are developing a comprehensive plan to review the foreign exchange policy in light of Washington’s decision to ease sanctions.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 20 February 2017 05:38, by Kuch

    There they go! The CIA and their creeps in between at it again over there. They have been using here in South Sudan, and our lowly informed population who had been brain washed to worship the so-called dollars and our myopic bankers. One really wonders aloud as to where the so-called US dollars come to the so-called black markets??

    repondre message

    • 20 February 2017 05:53, by Kuch

      From the CIA and other creepy agencies of course. They often flooded other that the corporate America and some of their creeps in between want to destroy the economies of the countries the corporate America and their creeps want to take over their banking and resources. A country like our South Sudan which is on the corporate America, the Europe, their UN, their evil juus, their creepy NGOs>>>

      repondre message

      • 20 February 2017 05:59, by Kuch

        and some of their sleazy in between radar to regime change the government of South Sudan and be replaced with a government that can be easily handled in Wall Street, Washington, European capitals or even Dubai. But the crims are day dreaming. Government of South Sudan isn’t going any where. We even advised the government of South Sudan>>>

        repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Tall tale of criminal confession from S. Sudan presidency 2018-04-14 21:06:37 By Stephen Par Kuol Those who could not have read the minds of Kiir’s fascist regime for years can now read its own lips confessing war crimes and financial corruption. Ateny Wek Ateny has been (...)

Machar project and the South Sudan peace forum 2018-04-12 05:14:13 By Tor Madira Machier The Intergovernmental Authority on Development (IGAD) and the rest of the international community seem to be investing in two rival projects: One is the Machar project and (...)

Don’t be taken in by Sudan prisoner release 2018-04-11 22:00:28 by Jehanne Henry Today, Sudan president Omar al-Bashir ordered the release of “political detainees”, welcome news for 60 or so men who have languished behind bars for weeks. But it is also a grim (...)


MORE






Latest Press Releases


Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)

Appeal for forgiveness and pardon of John Agou Wuoi 2018-03-07 08:28:08 H.E. Salva Kiir Mayardit, President and Commander-in-Chief, of the Sudan People's Liberation Army (SPLA), Republic of South Sudan (RSS), 5th February, 2018. Through: Hon. Michael Makuei Lueth (...)

Petition for release of Agou John Wuoi from prison 2018-02-15 20:45:31 Open letter to South Sudan President Salva Kiir Your Excellency, Kindly please permit me to take this rare opportunity to appreciate you for every effort you have made toward making South Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.