El Geneina, July 25(Darfur 24)
The West Darfur State Security Committee has issued strict penalties against currency speculators and smugglers of gold, livestock, forestry and agricultural products.
The city of El Geneina, the capital of West Darfur State, is witnessing a significant rise in commodity prices, which has led to a decline in purchasing power in the city’s markets due to the decline in the value of the pound against the African franc.
The “Darfur 24” correspondent reported that currency traders in the Al-Katkut market for currency trading went on an unannounced strike due to the measures taken by the state government to reduce currency conflict and combat transactions that resemble usury.
Meanwhile, the crisis of scarcity of paper currencies escalated, as the rate of cash conversion from your bank application to paper currencies rose to 30%.
The Rapporteur of the West Darfur State Security Committee, Lieutenant Colonel Ali Muhammad Zakaria, said that the Security Committee issued an emergency order to prevent tampering with the national economy and people’s livelihood.
He pointed out that the decision comes in support of efforts aimed at preserving the national economy.
The decision stipulates the prevention of currency conflicts, the smuggling of gold, livestock, forestry and agricultural products, and the monopoly of necessary strategic goods.
The decision stated that these crimes must be combated by all sectors of society and combated by state institutions.
According to the decision, it is strictly prohibited to practice these violations, and anyone proven to be involved will be punished with a fine of one million pounds or imprisonment for a period not exceeding 3 months.