Home | News    Friday 29 September 2017

U.S. dollar drops against the Sudanese pound


September 28, 2017 (KHARTOUM) - The U.S. dollar slipped slightly against the Sudanese pound in Khartoum, as currency traders turn their eyes to Washington waiting for a decision on the permanent lift of sanctions.

JPEG - 23.4 kb
A worker counts US dollar bills inside a money changer in the Sudanese capital, Khartoum (Photo: Reuters)

The dollar recorded a significant decline against the Sudanese pound on Thursday, as the sell rate of a dollar on the parallel market declined to 19 Sudanese pounds, compared to 21.6 last week, losing more than two pounds.

Money traders told Sudan Tribune on Thursday that the dollar was falling against the pound because businessmen were reluctant to buy the hard currency fearing losses as Washington is due to announce its decision on the relief of sanctions within less than two weeks on October 12.

They further pointed to the lifting of the travel ban on Sudanese national, saying it has contributed to the fall of the dollar in the local market.

The definitive repeal of sanctions is seen by Washington as a step in a long process aiming to end the war and achieving peace in Sudan. The U.S. administration will continue to push the Sudanese government to achieve peace and democratic reforms.

Sudan is still on the list of state sponsors of terrorism, also the relief of Sudan’s debt requires the American approval. The State Department says it will use these tools to put pressure on al-Bashir’s government.

However, traders said they expect that the dollar would rise again in the upcoming weeks.

"The central bank does not have enough foreign exchange reserves to make sure there’s enough foreign currency to pay for imports and control the price of the dollar," said a trader who requested anonymity.

"So, the hard currencies prices will be determined by the size of supply and demand in the parallel market," he further told Sudan Tribune.

Following the temporary lift of sanctions by the President Barak Obama last January, the U.S. dollar had swung lower in Khartoum, but very quickly its price increased again due to the growing demand in the Sudanese market.


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.

Comment on this article

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

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

Maulana Mayen Wol was acquitted by South Sudan Supreme Court 2018-03-21 21:14:00 By Amb. Gordon Buay I have seen some quarters criticizing the appointment of Maulana Mayen Wol as the undersecretary of the Ministry of Petroleum on the basis of the charges brought against him (...)

President Kiir should extend equal justice recognition to John Agou 2018-03-17 08:35:01 By Deng Kur Deng Dear Mr. President, Is is the quest for equal justice that urges me to write to you today. Our quest didn’t begin with us, but it starts with you. All you have done for your (...)

Applying to the Arab League as the observer is recommendable but wrong time 2018-03-13 11:21:42 By Gatdiet Peter On 5 March 2018, a report from the Egyptian official news agency, MENA has flooded the media and captured a sharp attention of wider South Sudanese people that the Republic of (...)


Latest Press Releases

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 (...)

AUHIP Communiqué on Sudan & SPLM-N talks for cessation of hostilities agreement 2018-02-05 13:04:16 African Union High-Level Implementation Panel for Sudan and South Sudan Joint Statement on Unilateral Ceasefire, Cessation of Hostilities and Completion of Negotiations 1) With the facilitation (...)


Copyright © 2003-2018 SudanTribune - All rights reserved.