Darfur24-Khartoum
Reliable sources told Darfur 24 that the decision to float the Sudanese pound is awaiting the signature of Prime Minister Abdullah Hamdok.
Sudanese government received many advices to float the pound to recover the economy, and Sudan began implementing International Monetary Fund policies to lift subsidies on basic commodities.
The Sudanese economy has been witnessing for years a continuous deterioration, which led to the collapse of the national currency against foreign currencies, as the exchange rate of the Dollar against the pound approaches 400 SDG.
Last week, Finance Minister , Heba Muhammad Ali, said that the government would take a decision to float the currency after the availability of sufficient cash reserves, indicating that her ministery had contacted several parties to obtain loans and grants.
increase in inflation and hike in commodity prices in the market, which resulted in demonstrations in a number of Sudanese cities to protest against the price hike.
Deterioration of the Sudanese pound against foreign currencies led to an increase in inflation and commodity prices in the market, which resulted in demonstrations in a number of Sudanese cities to protest against the price hike.