Sudan’s Central Bank Begins Gold Purchases

The Central Bank of Sudan has started purchasing gold in line with directives from the Economic Emergency Committee, as part of efforts to stabilize the exchange rate which saw sharp increases in August and September 2025.

According to informed sources, the government, through the central bank, has begun buying gold directly from miners and production companies. The move is part of a broader package of measures approved by the Economic Emergency Committee chaired by Prime Minister Kamal Idris.

Economist Dr. Mohamed Al-Nayer linked the central bank’s success in stabilizing the gold sector and strengthening the Sudanese pound to reducing government money-printing for public spending, as well as standardizing gold purchase prices to prevent producers from turning to the parallel market. He warned against printing money to finance gold purchases, stressing that such a move would not correct exchange rate imbalances but instead flood markets with excess currency.