High Economic Committee Issues Key Measures to Stabilize Exchange Rate

Khartoum: The High Economic Committee, chaired by Prime Minister Dr. Kamil Idris and attended by ministers of the economic sector and relevant officials, has issued a series of key decisions aimed at stabilizing the exchange rate in Sudan. According to Sudan News Agency, Undersecretary of the Ministry of Culture, Information and Tourism, Dr. Graham Abdel-Gadir, announced that the meeting reviewed the overall economic situation, including the availability of strategic commodities and the Central Bank of Sudan's foreign currency reserves. He noted that the committee adopted a package of measures designed to enhance economic stability. Key among these measures are the introduction of tighter controls and regulatory frameworks governing the import of luxury goods, alongside activating the role of economic sector ministries to expand and diversify exports. The committee also emphasized the importance of adopting policies that encourage Sudanese expatriates to transfer their funds through official state channels , thereby strengthening foreign exchange inflows. Additionally, the meeting highlighted the need to regulate and monitor export proceeds, rationalize public expenditure, and eliminate illegal levies. It also called for continuing the currency replacement process in areas where it has yet to be completed. Furthermore, all state institutions were directed to ensure that revenue collection is conducted electronically, and that all foreign trade procedures are completed through the Baldna Platform, with the aim of enhancing financial transparency and combating corruption.