The former Secretary of Taxes Office refutes the Sudane pound collapse
Sudan Events – Rehab Abdullah
The former Secretary-General of the Tax Office, an expert in financial management, Dr. Ahmed Adam Salem, conditioned the recovery of the Sudanese pound to its value on the government adopting an economic policy that encourages production for the purpose of exports. He said in his interview with (Al-Ahdath) that it was possible for the Sudanese pound to regain its value, but he was certain that this would happen, as for that to happen it needs security stability and political stability.
He explained that the Sudanese pound has been losing its value for several years, indicating that in 1969, at the beginning of the May regime, one pound was worth $3.4, meaning the dollar amounted to 28 piasters, while, when the May regime fell in 1985, the dollar was worth five pounds, and by the beginning of the rescue regime in 1989 it reached the equivalent of 12 pounds. When the rescue regime was toppled in 2019, the exchange rate of the Sudanese pound against the dollar reached 70,000 pounds, while the price of the dollar against the pound at the beginning of 2024 reached 1,150 pounds.
