Sudan Declares Economic Emergency As Currency Plunges
September 11, 2020
5:32 pm
Sudan has declared a state of emergency to avert economic downturn due to the dramatic fall of its local currency against the US dollar and soaring inflation.
The decision — reported by official news agency SUNA — includes setting up emergency courts, enacting laws to protect the economy, and imposing harsher penalties on smugglers and a rising black market.
In a Thursday press conference, Finance Minister Heba Ali blamed the sharp dollar rise on “systematic sabotage” by currency exchange market manipulators, official news agency SUNA reported.
The Sudanese pound has plunged …
