Sudan Events – Rehab Abdullah
Minister of Finance and Economic Planning, Dr. Jibril Ibrahim, reassured that the State has a sufficient amount of foreign currencies through the strategic portfolio of foreign currencies, which ensures the stability of currencies.
He affirmed that it is natural in wars for the value of the national currency to erode, particularly in countries that do not have large reserves, and attributed the matter to the increase in demand for foreign currency, and said, “A large part of the reasons is the psychological factor, rumors, and the work of brokers to increase demand,” referring to the consideration of covering the large costs of the war, and added, “How much is the price of the Dana and how much is the missile.”
Jibril acknowledged in an interview with Sudan TV the difficulty of the living conditions of citizens after commodity prices reached astronomical numbers in relation to citizens’ incomes, and said, “This war is an essential part of which is the looting of the people’s property and their impoverishment.”
He pointed to the benefit of the commodity portfolio in partnership with the Bank of Khartoum by focusing on strategic goods, referring to their plan to control imports so that there is no shortage and there is no abundance that requires storage and preventing the import of unnecessary goods, and revealed directives to the Ministry of Energy to intervene in the import of petroleum products to determine the percentage of profits.
The minister refrained from announcing a specific figure on the extent of the damage from the war, but he affirmed that 90% of industry in Khartoum was destroyed and most activities stopped, addition to hospitals being out of service and schools being destroyed.
He disclosed that tax and customs revenues had decreased by more than 80%.
Jibril afirmed that there are quantities of gold and minerals in Sudan, but they need new policies and a reorganization of the situation to contribute to the expected economic boom after the end of the war, noting that gold production through official channels is more than 18 tons, but the production in the entire country is very large, and he said, “Because of the minerals, we are living a war.”
Regarding the militia’s involvement in the rise in the exchange rate, he said that this is bigger than the militia’s thinking, but it is not alone, but it has contractors, experts and consultants who are working to undermine the economy through rumors.
