Customs Dollar Increase Sparks Concerns

The former Finance Secretary of the Importers’ Union, Hashim Al-Fadil, revealed a second increase in the customs dollar rate in November, with the rate now calculated at SDG 1,600, up from SDG 1,350.

Former Director of Sudanese Customs, retired Lt. Gen. Salah Al-Sheikh, criticized the move, arguing that it could incentivize smuggling and deepen economic stagnation. He expressed surprise at the customs dollar hike while the Central Bank of Sudan is attempting to lower free market rates, remarking, “It seems the government team is not aligned on anything.”

Economist Dr. Abdel Azim Al-Mahal warned that the increase would negatively impact imports, as importers already face challenges such as high shipping costs and customs duties. He added that the hike would exacerbate Sudan’s economic woes, particularly amidst the ongoing war, and drive up consumer goods prices in the local market.