Sudan: Economic Measures to Control Exchange Rate Fluctuations

Khartoum – Sudanhorizon

The Sudanese Cabinet on Thursday revealed a package of measures to regulate imports, based on the recommendation of the Higher Economic Committee, to support a balance between imports and exports and reduce market and exchange rate volatility.

A press release issued by the Prime Minister’s Office stated that the move also aims to achieve a trade balance and enhance economic stability.

Prime Minister Dr. Kamil Idris has revealed several related measures, including directing domestic factories to increase production capacity, facilitating the provision of production inputs, and regulating the import of certain non-essential goods. This aims to reduce reliance on imports of non-essential goods while maintaining the flow of essential commodities, including food, medicine, fuel, and production inputs, to ensure market stability and prevent disruption to supply chains.

According to the statement this approach supports policies of import substitution, localizing industries, and increasing the added value of local products.

The circular issued by the Prime Minister’s Office, stated that these measures aim to boost local production and reduce reliance on imports, in addition to supporting market stability, limiting exchange rate fluctuations, and improving the efficiency of resource allocation. These measures will be implemented gradually and in a balanced manner to ensure market stability and the continuity of economic activity.

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