September 11, 2020 (Khartoum) The Sudanese transitional government has declared a state of economic emergency, and the formation of emergency courts to protect the national economy and curb the rise in foreign exchange rates to stop the economic collapse.
Sudan on Thursday decided to reactivate the state of economic emergency and establish joint forces to protect the national economy in a bid to stop deterioration of the Sudanese pound which devalued around 45 percent in 10 days.
The Sudanese currency continues declining against foreign currencies, mainly the U.S. dollar, as the exchange rate of one U.S. dollar hit 270 Sudanese pounds in the parallel market on Thursday against the
official exchange rate set by the central bank at 55 pounds.
The deterioration in the exchange price of the Sudanese pound has led to a significant hike in the prices of basic and essential commodities, which intensified the suffering of the citizens.
Finance Minister Heba Mohamed revealed, during a press briefing at the headquarters of the Sudan News Agency “SUNA”, that there is a systematic sabotage operation to suffocate the transitional government, led by groups that buy foreign currencies in counterfeit currencies and buy gold at prices higher than the global stock exchange price in large quantities, according to security reports.
For his part, Minister of Justice Nasr El-Din Abdel-Bari announced an amendment to the customs law and the criminal law to tighten the penalty for smuggling and enact a new law for dealing in foreign
currency.