Task Force on Urgent Economic Challenges Discusses Exchange Rate Stability

Khartoum – Sudanhorizon

Minister of Finance Dr. Gibril Ibrahim chaired a meeting on Tuesday of the task force assigned to develop urgent solutions to economic challenges related to exports and imports, as part of the government’s efforts to achieve economic stability in Sudan.

The meeting emphasized that exchange rate stability cannot be separated from broader macroeconomic reform, including stronger coordination between monetary and fiscal policies and the promotion of real economic production.

Participants stressed the importance of intensifying efforts to regulate the gold and petroleum products sectors, which were identified as among the most influential sectors affecting exchange rate stability. The meeting called for tighter oversight and measures to ensure that export proceeds are fully channeled through official financial systems.

The task force also highlighted the need to stimulate domestic production, support local industries, and shift from exporting raw materials toward increasing value-added production. Officials noted that such measures would help reduce the country’s consumer import bill while boosting foreign currency inflows through a more diversified export base.

In addition, the meeting underscored the importance of establishing regulatory and supervisory frameworks for border trade activities to ensure that trade flows contribute to market stability. Participants called for reducing informal economic activities that negatively affect exchange rates and market conditions.

The discussions further focused on achieving a better balance in Sudan’s trade account through import substitution policies and implementing incentive measures for exporters to ensure that export earnings are returned through the appropriate official channels.

The task force concluded that coordinated reforms in trade, production, regulation, and foreign exchange management are essential to supporting exchange rate stability and strengthening the overall performance of the Sudanese economy.

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