Economic

Mistakes in the decision to ban export companies

Sudan Events – Rehab Abdullah

One of the owners of export companies criticized their unlawful ban by the Central Bank of Sudan. He confirmed that his company had returned all the proceeds of the export, and he had in his hand the documents confirming this. He mentioned to me that the Bank of Sudan had not reviewed the banks through which the export was made to determine the number of companies that had not actually paid.
Banking sources acknowledged that errors had occurred in the names of the companies that were banned, but they were certain that if errors occurred for one or two companies, that does not mean that the decision was wrong, adding that the ban is always carried out in a random manner and includes the names of very committed companies and government companies, and then after these companies appeal. For the decision all actions against it are canceled.
Exporters acknowledged the presence of “those who are deprived” of wasting the revenue issued by force, which reflects negatively on the real exporters, as they stressed that they are not saying that the decision is wrong, but that there is some chaos in the performance of the Bank of Sudan, and I believe that the decision regarding many companies and names is excessive, but it included the good and the bad. The important thing is how besieged by the phenomenon of securitization, through which the bleeding of hard currencies continues.

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