March 2 - 2021 KHARTOUM
A 200 SDG note (RD file photo)
Jibril Ibrahim, Minister of Finance and Economic Planning, said that the government is investigating the best ways to address the conditions of Sudanese students abroad who are affected by the decision to adjust the Sudanese Pound to the parallel market rate.
This decision devalued the exchange rate of the US Dollar from SDG55 to SDG375, which means that students abroad will suddenly get much less money when exchanging their Sudanese Pounds, causing financial difficulties.
Yesterday, a specialised committee called ‘the Committee for the Follow-up of the Implementation of Economic Policies to Unify the Exchange Rate’ held a meeting with a number of local bank managers to look at these mechanisms and help them overcome some of their problems.