{"id":55132,"date":"2025-10-01T20:32:40","date_gmt":"2025-10-01T17:32:40","guid":{"rendered":"https:\/\/sudanevents.com\/?p=55132"},"modified":"2025-10-01T20:32:40","modified_gmt":"2025-10-01T17:32:40","slug":"experts-central-bank-fails-to-achieve-monetary-stability","status":"publish","type":"post","link":"https:\/\/sudanevents.com\/index.php\/2025\/10\/01\/experts-central-bank-fails-to-achieve-monetary-stability\/","title":{"rendered":"Experts: Central Bank Fails to Achieve Monetary Stability"},"content":{"rendered":"<p><strong>Sudan Events \u2013 Rehab Abdullah<\/strong><\/p>\n<p>Former Central Bank of Sudan official and banking expert Malik Al-Rashid has criticized the bank for failing to achieve its primary objective of monetary stability, as mandated by law.<\/p>\n<p>He said the current monetary policy, based on the outdated quantity theory of money, has failed to deliver results. He noted that the Central Bank had historically relied on a model that sought to control four variables\u2014money supply, its velocity, GDP, and the general price level\u2014despite evidence that velocity is unstable and the model has yielded no positive outcomes, even in other countries.<\/p>\n<p>Al-Rashid argued that Sudan\u2019s monetary policies have ignored the demand side of money, focusing only on supply, and thus repeatedly failed. He emphasized that modern central banks worldwide use advanced econometric models that Sudan\u2019s central bank has neglected.<\/p>\n<p>He concluded that the bank\u2019s policies remain stuck in a \u201cvicious circle,\u201d with the pound depreciating daily against the dollar, runaway inflation worsening, and all previous measures failing to contain it. He called for comprehensive reforms, including updating outdated policies, restructuring staff, and granting the bank greater independence to craft effective strategies.<\/p>\n<p>Meanwhile, Dr. Badr Al-Din Qureshi, First Deputy Governor of the Central Bank, defended the current framework, saying it aims to limit monetary expansion and curb \u201ccash leakage\u201d from currency printing. However, he acknowledged overreliance on indirect tools such as reserve requirements, stressing the need for more direct mechanisms like adjusting financing margins and activating open market operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sudan Events \u2013 Rehab Abdullah Former Central Bank of Sudan official and banking expert Malik Al-Rashid has criticized the bank for failing to achieve its primary objective of monetary stability, as mandated by law. He said the current monetary policy, based on the outdated quantity theory of money, has failed to deliver results. He noted &hellip;<\/p>\n","protected":false},"author":2,"featured_media":33150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-55132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic"],"_links":{"self":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/55132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/comments?post=55132"}],"version-history":[{"count":1,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/55132\/revisions"}],"predecessor-version":[{"id":55133,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/55132\/revisions\/55133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media\/33150"}],"wp:attachment":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media?parent=55132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/categories?post=55132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/tags?post=55132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}