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E-commerce exchange in the Sudanese capital, Khartoum
The U.S. Embassy in Sudan has welcomed the government’s announcement to reform the official and parallel exchange rate of the local currency (the Sudanese pound).
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The Washington Embassy in Khartoum said: “We welcome the courageous decision of the Sudanese government to move forward today in exchange rate reform … This decision paves the way for the debt relief and dramatically increases the impact of international aid, much of which had to be spent previously, at an official exchange rate, which is why it provides a fraction of its potential value to the Sudanese people. “
She stressed that the decision “will help Sudanese companies and attract international investment”, noting that “local and foreign companies will no longer have difficulty doing business in Sudan due to the double exchange rate”.
For his part, the Sudanese Minister of Finance, Gabriel Ibrahim, revealed a Saudi financial subsidy, and declared that “the funds will come from abroad, and it is possible for the central bank to intervene if necessary”.
He said measures have been taken to achieve the circulation of strategic goods and stop the import of non-essential goods, in anticipation of a sharp devaluation of the currency, according to Sunday.
He also said: “The government expects the devaluation of the currency to stabilize the exchange rate and attract workers’ remittances and investment, besides being a step towards cancellation of the debt “, explaining that” the devaluation does not include the customs price, and its reform is under consideration. “
It should be noted that the Central Bank of Sudan announced that it had given instructions to the banks to unify the official and parallel exchange rate of the local currency, effective today, Sunday.
Source: RT + “Reuters”
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