Economic Analyst: Currency Decline Harms Productive Sectors

Sudanhorizon – Hala Hamza

Economic analyst and agricultural producer Samir Al-Taqi has urged the government to bridge the chronic gaps between exports and imports, public spending and revenue, and production and consumption to address structural imbalances in the macroeconomy.

Al-Taqi stressed the need to stabilise the Sudanese pound’s exchange rate against foreign currencies, noting that the continuous depreciation of the pound is harming all productive sectors, particularly the agricultural sector. He also highlighted the importance of curbing inflation, which erodes the real value of money.

He called for an increase in exports through the removal of restrictions, exemption from fees and service charges, and opening export channels for commodities including sorghum, livestock, gold, gum Arabic, oilseeds, vegetables, and fruits—while setting mandatory regulations to ensure the repatriation of export proceeds to the state treasury.

Al-Taqi further underscored the importance of revitalising and supporting the private sector, protecting it, and attracting domestic and foreign investment as well as expatriate savings through incentives—and avoiding excessive taxation.

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