Aisha Al Majidi writes ✍️ (Brai, thank God for your efforts)
The Central Bank of Sudan has failed to keep the foreign currency exchange rate within reasonable limits. In the period after the war, the price of the dollar did not exceed the (700) pound mark, and this lasted for some time. .. But unfortunately, the policy of the Central Bank of Sudan did not make it possible to maintain the exchange rate within these limits…
The Central Bank of Sudan published in March
(2024) Circular prohibiting (209) companies working in the export sector. Unfortunately, the list included the best companies operating in the export field. This was done without prior warning, knowing that the Bank of Sudan has banned these companies and the electronic system. export operations have been suspended!!!
Most of the export companies were victims of looting, and the honorable governor Burai ignored this.
On the contrary, banned companies were required to report their export revenues in order to be able to lift the ban…
The movement of companies to recover the funds issued to lift the ban pushed some of them to resort to purchasing foreign exchange on the parallel market, which put pressure on the market and increased demand, and thus the exchange rates started to increase if Mr. Governor Bora. focused and distanced himself from the group of lay advisors around him and focused on submitting the two-month deadline he set in It was published on (05/08/2024) before the ban on businesses to enable them to provide a large amount of foreign currency to meet state obligations, but unfortunately this was done after prices increased insanely and it did not caught up with the Sahel (can we say, get away with it, Bura'i The disaster is that the). The Bank of Sudan did not take into account the exceptional circumstances that the country is going through, as well as the customers, because the customers were required to provide the funds issued in foreign currencies after the issuance of the circular and sell them at the price of the due date of the product, which does not exceed 500 pounds at a time when the exchange rate exceeds 1000 pounds in banks, which in fairness is considered a harsh punishment in circumstances where late customers should have be encouraged to recover the revenues, which could have provided foreign exchange which would have contributed to an increase in the supply of foreign exchange and thus to a fall in exchange rates or, in the worst case, stabilization. Unfortunately, the response from the Bank of Sudan came too late after the exchange rate. The situation deteriorated and increased further. Another problem is the gap between the discount rate and the parallel market price. Bura'i and Al-Hatifah also gave the opportunity to Al-Warraqa to work in place of companies that have been working in this field for years. exports…
So, Mr. Barai, let's say goodbye to you and leave this central bank with dignity and drive with you. The jockey is one of the advisors who are with you. You got people involved with you and increased your. good deeds and you put us in the bottom with this failed policy!!!
Come on, let a country man come, professional and intelligent, and he has no connection with Zaid or the slaves, he can save this country and get it out of this hole.
And I still haven't written, Bura'i, about the Central Bank Janjawids who are present and working!!
Mr. Lieutenant General Al-Burhan, do not hesitate to have (Borai) on the stand of the Central Bank instead of bringing you good, which would drown the whole country at once!
And that's all…
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