A strategic vision to control the deterioration of the Sudanese book against the dollar ..! – #other dimension – ✍️ Musab birr
The deterioration of the Sudanese book against the dollar is one of the most complex economic crises with which the country is confronted, because its effects were reflected directly on the lives of citizens, high inflation rates and the drop in purchasing power. To control this renewable crisis, it is necessary to formulate a complete strategic vision in which monetary, financial and productive policies are integrated and is based on the reality of the Sudanese economy and its capacities.
The first pillar of this vision consists in reforming monetary policies by strengthening the independence of the central bank and by controlling the monetary mass in proportion to the real production volume. A flexible and studied exchange rate policy must be adopted which prevents speculation, in addition to improving control over the banking sector to reduce money laundering and financial smuggling that weakens the value of the national currency.
Second, it should focus on maximizing local production in vital sectors such as agriculture, livestock and mining. Sudan has enormous potential capable of reducing the import bill and increasing exports, creating an abundance of foreign currencies and improves the stability of the exchange rate. This comes from the support of farmers, the introduction of modern technologies and the expansion of investments in the manufacturing industries associated with agricultural and animal production.
Third, the financial reform of the public represents the cornerstone, by widening the tax umbrella without overloading low groups, fighting against tax evasion and reducing dependence on internal borrowing which puts pressure on the book. Public spending priorities must be reorganized to productive and infrastructure projects that support growth instead of the exchange of consumers.
Fourth, to fight against the parallel market of money with practical stages, the most important of which is the progressive unification of the exchange rate, and ensuring that the dollar is available via official channels for importers and investors, which reduces their dependence on the black market. This can be supported by the encouragement policies for expatriate transfers thanks to banking incentives and the reward for transfer rates.
Fifth, attracting foreign investments requires a stable and stable legal environment far from political and security risks. The increase in capital flow from the outside improves the cash reserve and supports the power of the book.
After the last:
In the end, this strategic vision cannot succeed without a strong political will and close coordination between state institutions, in addition to involving the private sector and civil society. Hope to control the deterioration of the Sudanese book that was published yesterday … and we continue if there is ink in the rest of all-powerful God.
He doesn’t have it without God
God is enough for us and yes, the agent
Oh my God, do not throw us with our sins that are not afraid of you, and are not mercy of us, oh mockery
# Another Musab Birr dimension
