Former Secretary of the Tax Office It reveals the reasons for the rise in the dollar

Events – Rehab Abdullah

The former Secretary-General of the Tax Office, the financial expert, Ahmed Adam Salem, attributed the rise in dollar prices to a decrease in supply and an increase in demand, because the Central Bank does not have a cash reserve.
In his speech to Al-Ahdath, he justified the increased demand for the dollar by the government, which is the largest buyer to cover war expenses and battle requirements.
Salem explained that the dollar generally rises when demand for it increases due to lack of supply.
He pointed out the multiple and overlapping reasons for the lack of supply, the most important of which is that the state does not have a cash reserve at the central bank to meet the demand for the dollar, noting that the central bank obtains the cash reserve from export revenues, loans, donations, foreign grants, and remittances from expatriates.
He pointed to the decline in the state’s exports as a result of the lack of production of goods due to the war, and it was likely that there would be no loans, grants and donations. He added, “I think they have completely stopped except for some in-kind aid.” Regarding remittances from expatriates, he described them as very few and not entering Sudan through official means because most Those who left Sudan either left to live with their expatriate families or went to other countries and depend on remittances from expatriates to them.
Salem believed that overcoming the crisis lies in complete and strict control over the production and export of gold, and declaring a state of economic emergency under which gold is controlled as a national product just like petroleum, in addition to paying attention to the production of other minerals, especially in safe states, as well as developing and protecting oil fields and improving transportation conditions. Southern Petroleum, and stressed the need to control imports decisively and work to reduce government spending other than the war effort, while directing banks to finance production and stopping all other financing until export goods are significantly available, and subjecting this to declaring a state of economic emergency.