The price of the dollar in Sudan today, Thursday, November 5,...

The price of the dollar rose against the Sudanese pound during early trading on the “black” parallel market today, Thursday.

The exchange rate of the dollar against the Sudanese pound reached about 245 pounds, compared to 240 pounds in Wednesday’s trading, according to Sudanese media.

The average price of the US dollar, in official banks in Sudan, for purchase was settled at 55 pounds, compared to 55.27 pounds for sale.

The price of the euro and sterling

The price of the European euro against the Sudanese pound in the parallel market today rose to 286 pounds, compared to 277 pounds yesterday, while the price of the pound sterling reached 316 pounds.

In the central bank, the average price of the euro was 64.32 pounds and the pound sterling 71.68 pounds.

Real, dirham and dinar prices

The price of the Saudi riyal rose in the parallel market, achieving 65.20 pounds compared to 62 pounds yesterday, and in official banks it reached 14.67 pounds for purchase, 14.74 pounds for sale.

The price of the Emirati dirham also rose to record 68 pounds, compared to 63 pounds yesterday, and settled on the Central Bank of Sudan trading screens at 14.97 pounds for purchase and 15.05 pounds for sale.

The price of the Kuwaiti dinar rose to 660 pounds, and in banks it rose to 179.41 pounds for purchase, 180.30 pounds for sale.

A breakthrough in the fuel crisis

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.

The fuel crisis in Sudan witnessed a major breakthrough and queues at service stations decreased after days of liberalizing the price of gasoline and gasoline.

Sudan decided a few days ago to allow the private sector to import gasoline and gasoline and sell them to the public at the international price.

Ayman Abu Al-Joukh, Director General of the Sudanese National Petroleum Corporation (Sudapet), told Reuters that Sudan will add three thousand barrels per day to its oil production from a new field, which raises the country’s production to 64 thousand barrels per day.

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.

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.

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 of 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, while subsidized fuel was allocated to services by 56 per liter of gasoline and 46 pounds per liter of gasoline.