Papers are dominated by the currency floating
– Akhbar Alyoum publishes details of the finance minister’s conference on currency floating.
– Gebreil says floating excludes customs dollar.
– Currency floating; towards a healthy economy.
– Assayha reveals details of foreign funds received by the central bank.
– Currency floating is breathtaking
– Al-Badawi: floating may lead to a greater inflation if its requirements were not permitted.
– A 100,000 pounds fine for unlicensed vehicles in Khartoum.
– Finance ministry: estimated amounts to implement exchange rate unification decision.
Akhbar Alyoum front page reports that finance minister announced yesterday in a press conference at the council of ministers that the ministry have made a decision to unify exchange rate and instructed the central bank (CBOS) to control it in coordination with commercial banks and exchange offices.
Assayha adds a report on currency floating, and says that the central bank has received foreign funds ($1.8 billion) from the World Bank in recent days as well as promises from Arab states with a $3 billion to be deposited early march on Sudan’s central bank.
Al-Tayar publishes an interview with the former minister of finance, Prof. Ibrahim al-Badawi, about currency floating, in which al-Badawi stated that floating exchange-rate system is the best available option to rebalance the national currency.
The paper also says that a board member of Forces for Freedom and Change (FFC) confirmed that the central bank treasury is empty of any foreign currencies, adding that he decision has been made surprisingly.
Al-Hadatha reports that Khartoum State government has announced imposition of a 100,000 pounds as fine for those driving unlicensed vehicles along with 150,000 pound for those who have non-registered vehicles.
It also reports that al-Badawi said that success of exchange-rate unification policy depends on prevention of financing the state’s expenditure and budget deficit from the central bank.