Gold Exporters’ Chamber: Central Bank Offers Competitive Prices for Gold Purchases

Sudan Events – Rahab Abdullah

Chairman of the Sudanese Gold Exporters’ Chamber, Abdulmonem Al-Siddiq, revealed that the Central Bank of Sudan has officially begun purchasing gold in Port Sudan and Kassala State.

Speaking to Al-Ahdath, Al-Siddiq confirmed that the bank is currently the sole buyer of gold, noting that it has committed to paying competitive prices to gold companies.
He emphasized the importance of patience and careful evaluation to determine whether the new policies will result in a favorable exchange rate for the Sudanese pound, adding that a continued depreciation of the currency would lead to greater hardship for citizens and further economic decline.