Reuters
Acting Finance Minister Heba Muhammad Ali
Sudan’s acting finance minister, Heba Mohamed Ali, said Sudan would make a decision to float the currency when it had enough foreign reserves.
Heba Muhammad Ali told Reuters: “We in the government must commit to unifying the exchange rate, and the decision to float the currency will be taken after the provision of foreign reserves in the Sudanese Central Bank, in addition to the economic policies that regulate supply and demand.”
She indicated that she is currently in talks with several parties to obtain loans and grants to support the Sudanese economy.
The minister also indicated that Sudan consumes 1.9 million tons of wheat annually, and that it is currently in the process of agreeing to purchase 650-700 thousand tons through direct purchase agreements.
Heba Muhammad Ali recently visited the Kingdom of Bahrain and negotiated with Bahraini officials about economic plans and projects to support Sudan’s economy in light of the reforms being taken by the transitional leadership in the country.
Source: “Reuters”
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