Economic Consultant: The formation of Commodity Portfolio is positively reflected on exchange rate

Sudan Events – Rehab Abdullah

Economic Advisor, Dr. Abu Bakr El-Tijani said that the formation of the Bank of Sudan is a portfolio of one billion dollars to import strategic goods, which is positively reflected on the exchange rate and the prices of commodities, and thus the rate of inflation in the country. In his speech to Sudan Events , he affirmed that all of this will lead to an increase in GDP and an improvement in its growth rate.
Abu Bakr indicated that the increase in the purchasing power of citizens will come from the implementation of what was stated in this statement, as it will provide the public treasury with revenues (according to the government’s share in the portfolio), enabling it to fulfill some of its obligations towards its employees, and this results in an increase in purchasing power.
This is through a good and very important economic movement to speed up the return of citizens to their homes when security is provided, as there is the possibility of obtaining income through salaries or any economic activity, whether it is agriculture, trade or others, as long as there is a strong purchasing power and effective demand for various goods and services.