Meeting of Economic Sector Emphasizes Measures To Curb Smuggling and Speculation

Khartoum (SUNA) – Prime Minister Dr. Abdullah Hamdouk chaired Tuesday the meeting of the ministers of the economic sector and leaders of the Central Bank of Sudan.

The Governor of the Central Bank of Sudan, Al-Fateh, Zainul Eddin Mohammed, indicated in a press statement that the meeting has tackled the current situation in the field of banking, especially the areas of the exchange rate and the chaos that occurred in the past weeks which has annoyed all Sudanese, and the the measures taken last week and led to a noticeable decline in the exchange rates of foreign currencies against the Sudanese pound.

The Governor of the Central Bank of Sudan said that the meeting underscored the activation of follow-up procedures in the banking system, especially in the field of recovering export earnings and taking effective measures to limit smuggling, harmful practices and speculation that led to the price chaos in some commodities and the exchange rate.

He revealed measures that will be implemented in the coming days, including the activation of inspection, follow-up and supervision, asserting confidence that these measures would limit the violations, speculations and smuggling happened last weeks.

He pointed to additional projects for complement of the measures from the Central Bank of Sudan to control all harmful practices in the coming days, noting to the meeting held by the Central Bank of Sudan with the Businessmen Union to review its vision  about what is happening in the markets, explaining that this work will be collectively with all departments concerned with public affairs, especially in the economic field.