Gold Exporters’ Association Accuses Entities of Buying Gold Above Global Prices
Sudan Events – Rehab Abdullah
The Gold Exporters’ Chamber condemned a meeting held by the executive branch—led by the Prime Minister, economic sector ministers, and the Central Bank Governor—with individuals claiming to represent the Gold Export Committee, while excluding the legitimate and legally recognized exporters’ chamber.
In a statement received by Al-Ahdath, the Chamber questioned: “By what authority did this group gain legitimacy, and under what law were they allowed to meet with the Prime Minister without any legal basis?”
Chairman of the Gold Exporters’ Chamber, Abdulmonem Al-Siddiq Alam, stated that this group received backing from influential figures within the state, which enabled them to meet the Prime Minister and threaten to remove anyone opposing their interests.
Al-Siddiq accused the group of contributing to the destruction of the Sudanese economy, prompting the Chamber to issue a statement declaring it would confront those working to undermine the national economy, devalue the Sudanese pound, and burden citizens. He said these entities had been purchasing gold at prices above global market rates, leading to severe economic deterioration.
He also called on the Prime Minister to form a committee to review export revenues since the outbreak of the war, comparing declared export volumes with actual national benefit—amid suspicions that large sums were diverted or withheld.
“This gold was extracted from Sudanese soil,” he said, “yet the Sudanese people have not benefited from it.”
Al-Siddiq reiterated the Chamber’s call for accountability of those who illegally enriched themselves from the nation’s resources. He acknowledged the Chamber’s previous disagreements with recent policies granting the Central Bank exclusive control over gold exports but said they had since endorsed the decision, recognizing the Bank’s role in safeguarding Sudan’s economic interests.
He pledged the Chamber’s full support for the Central Bank’s gold export policies, free of personal interests, emphasizing that gold remains Sudan’s most vital resource for resolving economic challenges under current extraordinary conditions.
He concluded by affirming that the Chamber would not remain silent in the face of corruption.
