collected by :Irax John
In a meeting with currency dealers on Wednesday, the SBP pressed them to bring down the dollar price as soon as possible.
Currency dealers told the SBP that the sudden fall of the rupee’s value by 3.1 per cent against the dollar on July 5 shattered market confidence.
Currency dealers said the inward remittance against the export of currencies other than the dollar dropped drastically in June to $79 million mainly because of Haj.
The open market is facing a shortage of the greenback as its demand is higher than supply.
The practice stopped in 2016 and now these Hajis also buy riyals (equivalent to $1,000) from the open market.
290 more Lane sees 2nd multi-mn dollar price cut in less than 30days, down 10 millions dollars
as informed in The home got its first $4 million price cut just three weeks ago.
The East Hampton estate, which spans 10,000 square feet across six acres of land, just went down in asking price again, cutting $6 million from the price tag.
Listed with agents Ed Petrie and James Petrie of Compass Real Estate, the home has seven bedrooms and nine and a half bathrooms.
Inside, there is plank-wood flooring, coffered ceilings, ocean views, and a fireplace with a carved mantle in the master bedroom.
The topic of conversation this time around is, again, the price.
as informed in July 17, 2107 (KHARTOUM) – The U.S. dollar exchange rate on Monday has hit a new all-time high in the black market as the Sudanese pound (SDG) declined to 21.2 per dollar.
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.
The Sudanese pound has lost more than 100% of its value since South Sudan’s secession in 2011, pushing inflation rates to record levels given that the East African nation imports most of its food.
Last January, former President Barack Obama issued an executive order easing the 19-year Sudan sanctions on a probationary basis.
Al-Nayer added the dollar exchange rate would stabilise only by increasing production and exports and decreasing imports in order to reduce the trade balance deficit, which amounted to about $5 billion.