Arab Today, arab today sudanese pound dips in value after oil negotiations fail
Last Updated : GMT 11:18:27
Arab Today, arab today
Arab Today, arab today

Economists warn of negative influence on economy

Sudanese pound dips in value after oil negotiations fail

Arab Today, arab today

Arab Today, arab today Sudanese pound dips in value after oil negotiations fail

Southern Sudanese families
Khartoum- Abdelalgoum Ashmeag

Southern Sudanese families The Sudanese pound has dipped in value, as the dispute over oil supplies from South Sudan continues. The US dollar reached 6.3 pounds amid limited stability, following the economic agreement between Khartoum and Juba last September.
Abdel Hamid Abdel Baki, Chairman of Sudanese Banks Union told reporters that the failure of negotiations has had an impact. “As soon as the Sudanese oil minister Awad al-Jaz told the South that resuming the flow of its oil is conditioned with implementing the security agreement with his country, activities of selling and buying hard currencies were influenced” he said.
Baki mentioned that the increasing demand for the dollar has previously caused a similar spike in rates, and plans to deal with the problem are being finalised. “I knew that Central Bank of Sudan (CBOS) obtained huge sums of cash, around 950 million dollars. CBOS will use it to meet the needs of the Sudanese banks in the first phase and then it will cover the government’s obligations to ensure the flow of the strategic exported products including wheat and medicine.”
Sudan notified the South on Wednesday that it won’t allow the flow of oil from the region unless the security agreement is finalised. In the meantime, economists have warned that the delay in supplying the oil will negatively influence the economy of the two countries.
A CEO of a company in Khartoum who wishes to remain anonymous told Arabtoday that his company is facing difficulties to obtain the dollar. He said that the company is turning to the black market to cover its needs of foreign currency which makes it a hazardous situation. “We may stop our activities or suspend it for a while if a radical solution isn\'t found,” he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sudanese pound dips in value after oil negotiations fail Arab Today, arab today sudanese pound dips in value after oil negotiations fail

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 08:51 2017 Saturday ,25 February

Shaking off dieselgate, VW races back into profit

GMT 08:48 2017 Saturday ,25 February

France's Macron takes on critics over 'vague' programme

GMT 10:10 2017 Friday ,24 February

France's Macron gets boost, but election is wide open

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday