Home | News    Thursday 12 January 2012

Sudan cuts hard currency carried by travelers to Ethiopia, Egypt and Eritrea by 50%

separation
increase
decrease
separation
separation

January 11, 2012 (KHARTOUM) – The union of foreign exchange bureaus issued a decision further limiting the amount of hard currency Sudanese travelers can carry with them to Ethiopia, Egypt and Eritrea.

The pro-government al-Rayaam newspaper said that effective immediately the amount travelers to these countries can purchase is now down to $500 from $1,000.

This decision was attributed to the practices of some brokers who regularly send off travelers to these countries to make use of the difference between the official exchange rate and black market one.

Since South Sudan formally became an independent state last July, Sudan has lost its main foreign currency source causing a sharp drop in the exchange rate of the pound against the major currencies and particularly the U.S. dollar.

As a result, the black market has flourished greatly despite government threats of severe penalties for those trading in hard currency outside the official channels.

Many people complain that on top of the many restrictions imposed on buying hard currency, it is very common for forex bureaus and banks to say that they do not have enough foreign currency in supply to sell.

The central bank pledged last month to bridge the gap between the official exchange rate and the one on the black market to ensure stability. Many analysts say that they expect the government to devalue the pound.

Sudan is hoping that agricultural, livestock and gold exports will become a new source of revenue and hard currency.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 12 January 2012 09:36, by ONEK-JAH

    That is right, any thing which rise up must come down due to the force of gravity, Khartoum was swimming in the sea of oil dollors now it is time for them to taste for their greedy act against southerners. thing will never be the same in sudan again. sorry guys but feel the pain.

    repondre message

  • 12 January 2012 13:07, by abdullah

    They’re looting the oils of our brothers in neighboring South Sudan but all the Looting is not helping their situation, how sad,Economy in Sudan now falling down,so stealing oil will not save us northerners, we have to denounce the Dictatorial regimes behavior and fight for regime change and economic reforms,there is much corruption, we cannot allow Bashir and his thugs to keep robbing our county.

    repondre message

    • 13 January 2012 03:41, by Elijah B. Elkan

      Mr. abdullah,

      First you need to get rid of Bahsir, Turabi,and Mahdi, why because they are inbreed imbeciles idiots. These sub-human can not run a country, because they for go the south, and now Darfur, Blue Nile, Kordofan, and Easter Sudan are about to brake away from the north. These moron have killed millions of your citizens and they all should hang.

      repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Peacekeeping faces challenges: here’s how we can meet them 2018-09-23 11:47:05 By Jean-Pierre Lacroix* United Nations peacekeeping remains one of the most effective tools to respond to today’s challenges of global peace and security. Every day, women and men who serve under (...)

Pragmatic patriarchy of Sudan over South Sudan 2018-09-22 09:28:17 James Okuk, PhD “We honour the human capacity to manage our collective lives with peace and even, at times, dignity” – Barbour & Wright The political process of Sudan and South Sudan has (...)

Salient features of South Sudan latest peace deal 2018-09-21 05:36:06 By Roger Alfred Yoron Modi Last week, the government of South Sudan under President Salva Kiir, various armed and unarmed opposition groups and other parties, including the SPLM/A-IO led by Dr (...)


MORE






Latest Press Releases


Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.