Former Official expects the Strategic Goods Portfolio to achieve Great Success

The former director of the National Export Agency, Ahmed Babiker Hamour, expected the strategic goods portfolio that was announced last week to achieve great success and thus achieve the announced goals of establishing the portfolio.

He pointed out in his statement to (Sudan Events ) that what is new in this portfolio is that the contributions are in foreign currency and not in Sudanese pounds, and this is happening for the first time, as financing portfolios in the past were based on contributions in pounds, adding that the portfolio amounts to one billion dollars, with the Central Bank’s share being only 25% and the rest from the Bank of Khartoum, which means that the Bank of Khartoum is financing the import of basic commodities from its own resources in the amount of $750 million , as the proceeds from the sale of these imported commodities through the portfolio, which is in Sudanese pounds, are used to finance the purchase of export commodities, and thus the proceeds from export proceeds are used to finance the import of basic commodities.