March 5, 2020 (Khartoum) Minister of Finance and Economic Planning, Ibrahim Al Badawi, said that the renewal of the US announcement to lift sanctions on Sudan had contributed to the exchange rate falling to 85 pounds against US dollar.
He pointed out that Sudan is suffering from a deepening crisis in foreign exchange.
Speaking to reporters Thursday, Al-Badawi, apologized to the Sudanese people for not being able to curb inflation and stabilize the exchange rate.
Ibrahim Al-Badawi , stressed that the government has an economic plan to address the economic situation in the country, and also confirmed the existence of speculation in the currencies black markets that contribute to raising the dollar exchange rate.
The Minister of Finance revealed that the country needs $ 45 million for wheat, $ 212 million for fuel, and $ 45 million for medicine per month.
Al-Badawi’s clarification came against the backdrop of reports that al-Fakhir Company monopolizes gold’s exports without committing to returning the government’s outcome earnings.