Slow gold exports cause imports to decline by 30%

Sudan Events – Rehab Abdullah

Media Secretary of the Gold Merchants and Exporters Division, Atef Ahmed, revealed a slowdown in gold export operations, explaining that gold exports are flowing, but not at a high pace.
In a statement to Al-Ahdath, Atef called on the competent authorities to pay attention to the gold export because it is a source of rapid return and supports the state treasury.
He confirmed the stability of gold prices, but said that they are rising with the collapse of the national currency exchange rate, noting that the price of a gram of raw materials ranges between 105 to 110 thousand pounds, and revealed that the volume of imports has declined by 30%.
Atef praised the Central Bank of Sudan’s attempt to activate the software for exports between the Bank of Sudan and Customs because the export certificate was extracted manually due to the militia’s destruction of the regime, indicating that it will thus be extracted via electronic linkage, and stressed its importance to facilitate the export of gold between the Bank of Sudan and Customs, but Atef renewed his demand to reducing the multiple entities involved in exports and implementing the single window project to reduce the burden on exporters and facilitate export procedures.