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[size=45][size=41]The Sudanese advisor details the government measures to curb the dollar[/size]
3 hours ago
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3 hours ago
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The financial and economic advisor to the Prime Minister, Mazhar Mohamed Saleh, detailed the government measures that contributed to curbing the dollar.
Saleh said in a press interview seen by “Taqaddam” that: “Credit cards, with their high flexibility in use, have provided a direct role in providing easy payments in foreign currency for travel purposes.”
He added, "The demand for foreign exchange was also met by withdrawing from citizens' dollar accounts after banks were allowed to import dollars from foreign foreign markets in cash for this purpose."
Saleh pointed to “commercial organization with neighboring Turkey to finance trade in the Turkish lira through solid banking channels,” considering all of these factors as “positive that have contained the noise of the illegal parallel exchange market.”
He continued, “In addition to the role of economic policy in enabling the state’s commercial arm to provide an additional commodity supply with a stable price, this is by adopting four additional baskets to provide basic commodities and market support supplies financed at the official exchange rate of 1,320 dinars per dollar.”
Saleh described this policy as “price defense that led to a decline in annual inflation growth to 3.7% currently, after that annual price growth was about 7% in the accounts at the beginning of the year.”
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