US dollar rises (8, 9) against Sudanese pound

SudaneseOnline-The dollar jumped early this week to (8, 9) Sudanese pounds compared to (8.2) pounds last week, at a time the former Secretary-General of division of livestock export, Sidiq Hadoob, revealed that revenues from livestock exports from Saudi Arabia flow via banking transfers directly, adding that some of these amounts was transferred in September through banks.
Sudan has suffered economic hardship and decline in the price of the local currency after the cessation of the southern part of the country in the year 2011. It led to the public treasury’s loss of the oil revenues, constituting two-thirds of the state budget.
Khartoum expects to earn $500 million in revenue annually from transit fees of South Sudanese crude in 2013 since oil started flowing earlier this year after more than a year of suspension.

Arabic Forum