US Dollar banknotes and bar golds [Mustafa Çiftçi/Anadolu Agency]
Sudanese yesterday announced the adoption of a new plan to reform its economy based on imposing controls over smuggling gold, the New Khaleej reported.
The plan is based on five pillars, foremost of which is imposing control over gold through the Central Bank which would purchase it for the same prices it is sold in international markets.
Economic expert Mohammad Al-Tayeb said: "The government's control over gold is a positive measure against smuggling, as well as enhancing the resources of the state."
Speaking to Al-Hurra TV, he added: "If the government succeeded in controlling trade of gold, citizens would feel the results very quickly and it would benefit the country more than the benefits of oil before the separation of South Sudan."
"The Central Bank of Sudan had bought crude gold for an established price… and this led to the illegal trade of gold across the country," Al-Tayeb explained.
Sudan is the third largest gold exporter in Africa after South Africa and Ghana.
Newer articles:
- Twice as many technologies, tactics and techniques used to close than open digital space in ten African countries - 02/03/2021 01:05
- COVID-19: South Sudan Gets Tough…Introduces Operation “Go Back Home” - 01/03/2021 20:38
- South Sudanese Lives Matter - 01/03/2021 11:32
- 3 South Sudanese men arrested for death of 2-year-old boy - 01/03/2021 10:28
- All-female UNMISS engagement teams win hearts and minds across South Sudan - 01/03/2021 08:15
Older news items
- South Kordofan detainees assaulted, stripped of possessions by Sudan intelligence - 01/03/2021 04:33
- US, Russia warships dock in strategic Port Sudan - 01/03/2021 03:39
- Female “blue beret” doctors in South Sudan - 28/02/2021 21:33
- South Sudan mulls extending partial lockdown amid rising COVID-19 cases - 28/02/2021 08:57
- What I learned about stress when living in a tent in South Sudan, delivering food to starving people - 28/02/2021 06:45
Latest news items (all categories):
- The SPLM ruling party is facing a dilemma and Thucydides trap at a pivotal moment - 24/08/2026 14:06
- Shanghai Cooperation Organization (SCO) countries are making green development an engine of growth - 24/08/2026 13:36
- President Salva Kiir in Pretoria Seeking Support Ahead of South Sudan’s December Elections - 24/08/2026 12:48
- Tambura’s fragile path from conflict to recovery - 24/08/2026 12:45
- South Sudan’s Yei Joint Stars advance to semi final stage of Zonal qualifiers - 24/08/2026 12:43
Random articles (all categories):
- US ‘illegally deported’ Vietnamese and Burmese migrants to South Sudan - 21/05/2025 18:53
- Sudan: Rebel Leader, Recently Returned from Exile, Arrested in Khartoum - 05/06/2019 23:35
- Aweil: Law Forum addresses challenges faced by Sudanese refugees - 13/06/2023 02:48
- US and Russia clash in Security Council over use and impact of UN sanctions - 08/02/2022 00:49
- OPED South Sudan: Time for justice and reform; no celebrations just yet - 06/03/2020 08:23
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 148844 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 27988 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 25080 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 24389 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 22334 times
