SUDAN NEWS ALERT: Sudan Tribune - Sudan has taken measures to curb inflationary effects of pound floating: minister
Sudan Tribune reports that the government took measures to address the inflationary effects of the Sudanese pound floating, said Finance Minister Jibril Ibrahim.
However, the government took all measures to stabilise and improve the exchange rate of the national currency and eliminating the deficit in the national budget that leads to deficit financing, one of the biggest causes of high inflation rates," Ibrahim added, citing the unification of the exchange rate which would address the budget deficit, the balance of payments deficit and high rates of inflation.
"The decision to unify the exchange rate will help improve the exchange rate, attract remittances from expatriates, limit smuggling of goods, contribute to Sudan’s debt relief, attract foreign investment flows, stimulate export and obtain its income through official channels," he added
Jibril also said the family support programme is suspended due to a lack of sufficient information on families, as requested by donors.