Sudanese Pound

Sudanese Pound

The Sudanese pound (Arabic: جنيه سوداني (Junaih Sudani) is the basic unit of the Sudanese currency. The pound consists of 100 piasters. The pound is issued by the Sudanese Central Bank. Its value is linked to gold and convertible into foreign currencies. There are no restrictions on money transfers to and from Sudan. The Sudanese pound is equivalent to $ 0.056. It has been pegged to U.S. dollar since around 1984. The pound fell for the first time since 1997 after the United States imposed economic sanctions on Sudan. The Sudanese pound continued its decline to an unprecedented number, falling to 53 pounds against the dollar. This situation, which drained all economic measures, led to heavy losses in the external repercussions of the Sudan as a whole, in the light of the government cut, interrupted by some of the failed actions announced by the Central Bank of Sudan, a severe shortage of liquidity. The Sudanese pound fell against the US dollar after the Central Bank of Sudan announced the lifting of the cash reserve to counter inflation. Since the Secession of South Sudan in 2011, Sudan has suffered from a scarcity of foreign exchange for the loss of three quarters of its oil resources and 80% of foreign exchange resources. The Sudanese government quoted the official price of the dollar from 6.09 pounds to 18.07 pounds in the budget of 2018.

Saudi Arabian Riyal

Saudi Arabian Riyal

The Saudi riyal (Arabic: ريال‎ riyāl); is the currency of Saudi Arabia. It is abbreviated as ر.س or SR (Saudi riyal). It is subdivided into 100 halalas (Arabic: هللة‎ Halalah).

12 Sudanese Pound to Saudi Arabian Riyal exchange rates chart

12 SDG to SAR exchange rates graph
12 SDG to SAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

12 SDG to SAR exchange rates table

Exchange SDG to SAR
12 Sudanese Pound = 0.945 Saudi Arabian Riyal
24 Sudanese Pound = 1.890 Saudi Arabian Riyal
60 Sudanese Pound = 4.725 Saudi Arabian Riyal
120 Sudanese Pound = 9.450 Saudi Arabian Riyal
Exchange Sudanese Pound to Saudi Arabian Riyal
12 Sudanese Pound to Saudi Arabian Riyal Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

12 SDG to SAR exchange rates news

Cash runs out in Khartoum as Sudan tries to halt economic crisis | Central Africa

Many cash machines in the Sudanese capital have run out of banknotes as the government scrambles to prevent economic collapse with a sharp devaluation and emergency austerity measures.

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REUTERS NEWS SCHEDULE AT 6 p.m. ET /7 a.m. SGT

REUTERS NEWS SCHEDULE AT 6 p.m. ET /7 a.m. SGT. SPORTS

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US 'terror' listing blocks Sudan's economic revival

Sudanese businessman Samir Gasim was delighted when Washington dropped sanctions against Sudan a year ago, but since then, mounting losses have forced him to lay off dozens of workers at his Khartoum factory.

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Sudan: Economy Facing Crisis After Sharp Currency Dip

Many Sudanese are complaining after the government's sharp devaluation of the pound Sunday, cutting its official value almost in half, as an already serious economic crisis plagues the country.

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Spotify launches in the Middle East and North Africa

DUBAI: Spotify, the world’s most popular paid music streaming service, officially launched in the Middle East and North Africa on Tuesday. The company said services would now be available in 13 Arab markets, including Saudi Arabia, the United Arab Emirates, Egypt, and Morocco but not Libya, Iraq, Syria, or Yemen. Spotify has been unofficially available in the Middle East for

conditional positive
Saudi Arabia agrees to withdraw additional Umrah tax on Pakistanis

Saudi Crown Prince agreed to abolish SAR2,000 additional fee after PM Imran’s request

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Saudi conference boycott over Khashoggi shows political threat to economy

By Andrew Torchia and Hadeel Al Sayegh DUBAI (Reuters) - A Western boycott of a major business conference in Riyadh next week suggests rising political

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12 SDG to SAR currency converter