Khartoum Stock Exchange Former Director: Mining Gold Leads to Decrease in Inflation Rate

Sudan Events – Rehab Abdullah

The Director General of the Khartoum Stock Exchange and the former Chairman of the Gold Exchange, Dr. Azhari Al-Tayeb, has stressed the importance of minting gold.
In his interview with (Sudan Events), he confirmed its feasibility for the Sudanese economy, noting that it enables gold to be purchased from the proceeds of the sukuks, which consequently leads to a decrease in the inflation rate.
Azhari explained that the problem with gold bonds is that they cannot be traded in the secondary market because they are part of exchange contracts, and are dealt with hand in hand. He said, “The best thing is to bond for a year without trading, while providing an exit method every quarter.”