Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Sudan Takes Steps to Rationalize Imports, Ensure Flow of Strategic Goods


Sun 21 Feb 2021 | 06:24 PM
Taarek Refaat

The Sudanese Finance Minister Gabriel Ibrahim that steps have been taken to achieve the flow of strategic goods and to stop imports of non-essential goods, ahead of a sharp devaluation of the currency, which was implemented on Sunday.

Ibrahim told reporters that the government expects the devaluation of the currency to stabilize the exchange rate and to attract remittances from workers abroad and investments, in addition to being a step towards debt reduction.

On his part, the governor of the Sudanese Central Bank said that neither the government nor the bank would interfere in determining the exchange rate.