Rate of Dollar against Pound Likely to Fall: Expert
Khartoum – An economic expert said the rate of the dollar against the Sudanese pound would fall and that in turn would lead to gradual fall of prices of other commodities after the Central Bank of Sudan announced it had received huge funds sources said could be from Qatar, key investor or a friendly country.
Dr. Babikir Mohamed Toum said the central bank received $ 500 millions and more are expected. He said such huge amounts would assist in ceasing speculation in the black market and would force hard currency dealers to sell the currencies they have.
The Central Bank announced yesterday that it received huge amount of hard currency from abroad and that the injection of such a huge amount of currency would reduce the rate of the dollar against the Sudanese pounds during the coming days.
According to the Central Bank, 20 tons of gold have been exported during the first quarter of this year.
By Shadia Basheri, 14/05/2012