According to Government sources, Sudan’s amended budget for 2020 includes a currency adjustment programmme beginning in August that aims to reach a full currency float in two years.
The country’s currency recently fell to a record low of 150 Sudanese pounds to the dollar on the black market, compared with 55 at the official rate. The black market rate was 140 pounds to the dollar on Wednesday.
Acting Finance Minister Hiba Mohamed Ali said the private sector will be allowed to import unlimited quantities of fuel to address shortages, which will lead to a rationalization of its price, referring to a removal of subsidies to help meet the reform demands of international donors.
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