The Higher Committee for Economic Emergencies in Sudan has approved several decisions to address economic challenges and improve the conditions of citizens, among them is the unification of the Sudanese pound's exchange rate against the dollar, weeks after the value of the pound began to decline again on the black market.
Members of the Higher Committee for Economic Emergencies took the oath before the Vice-President of the Transitional Sovereignty Council, Chairman of the Committee, Lieutenant-General Muhammad Hamdan Daglo, and held its first meeting.
The Minister of Culture and Information in charge of Sudan, Graham Abdel Qader, stated that “The economic decisions included unifying the exchange rate of the Sudanese pound against the dollar, and ensuring the flow of petroleum materials to ensure the stability of the electrical supply and to facilitate the procedures for urgently providing the needs of the holy month of Ramadan.”
The decision to unify comes after a significant decline in the Sudanese pound exchange rate, at 570 pounds, compared to 375 pounds in February 2021. The Central Bank of Sudan set the average indicative price of the dollar at 446 pounds, while the new unified exchange has not yet been announced.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
