Gold Exporters’ Chamber Demands Investigation into Missing $5 Billion
Sudan Events – Rehab Abdullah
The Sudanese Gold Exporters’ Chamber has called for a thorough investigation and accountability regarding the loss of $5 billion in gold revenues.
Citing official data showing national gold production exceeding 53 tons — valued at more than $6 billion — the Chamber noted that only less than $1 billion reached the state treasury. “This means that five billion dollars vanished, depriving the country of much-needed resources that could have helped address chronic economic challenges,” the statement said.
The Chamber demanded a full inquiry to determine who benefited from the missing funds “while the nation and its citizens face dire economic hardship.”
It reaffirmed support for the Central Bank of Sudan’s recent decision to monopolize gold exports, emphasizing that such measures prevent manipulation and protect national wealth.
The statement cautioned against linking gold exports to fuel or other imports, warning that such practices — as seen in past experiences — would raise local gold prices above global levels, weaken the Sudanese pound, and burden citizens with further economic strain.
The Chamber urged the Central Bank to remain the sole authority controlling gold export revenues and to allocate them based on national priorities, especially fuel imports.
Despite being directly affected by the monopoly, the Chamber stated: “The interest of the country and its people comes before our own.”
It concluded with a message to the Central Bank Governor: “We stand with you, not against you, and we offer our expertise, experience, and networks in gold exports — without charge — in service of our beloved and targeted homeland.”
