Enhancing Sudanese Economy after Secession ?
There is no doubt that recent economic policies of the removal of subsidies on fuel, sugar and cooking oil and the austerity policies approved by the Ministry of Finance and national economy aimed at increasing government revenue and decreasing government spending. Such policies and the efforts of the government are meant to contain public expenditure control by addressing the many challenges facing the national economy and the challenges arising as a result of the secession of the South and their impact on the national economy at all levels.
According to a circular of the Central Bank of Sudan recently the import of luxury goods is prohibited, namely furniture, fresh and frozen meat, leather and dairy products. Moreover, exports of some 11 raw materials through delivery consignment has been banned since this type of sales slowing the collection of the returns in hard currency. These raw materials are hibiscus, sesame and gum arabic. The governor of the Bank of Sudan, Dr. Sabir Mohammed El Hassan, recently a meeting with the banks’ top management, which he said that the currency will be distributed in the two states after the separation has not yet decided, but He said probably the South will have its own currency.