Economist Reveals Dollar’s Collapse Reasons
Sudan Events – Nahid Oshi
The economic expert, Dr. Awadallah Musa, attributed the fluctuation in the rate of exchange of the US dollar against the Sudanese pound to the fact that the banks are no longer updating prices as before. He also said the fact that exports stopped due to the war, and that economic activities became one direction: imports only for the basic commodities also contributed to this situation.,
He pointed out in a statement to the Sudan Events that due to the expansion of imports while at the same time exports are zero level, have contributed to the said situation.
He draw attention to the clear imbalance in the country’s trade also increased demand for the dollar, which contributed to the fluctuation of the price of the dollar against the Sudanese pound.
He indicated that the war impacts the course of the economic arena greatly and will affect all the activities in Sudanese life now and in the near future. He pointed oui that solutions will not be reached unless the war stops and all its economic repercussions are dealt with. The structure of the industrial sector, the return of exports, the fluctuation of imports and the return of the banking sector and all economic sectors that were impacted by the war, if not resolved, we will not be able to return to what was before April 15, he argued.
