Khartoum, (Nabaa Sudan) – Minister of Finance and Economic Planning Dr. Gebreil Ibrahim attributed the rise in the exchange rate to mounting demand for foreign currency amid the war, declining production, increased energy import costs, and rising government expenditures.

Ibrahim explained that demand for foreign currencies continues to increase under wartime conditions, while eight Sudanese states remain outside the production cycle.

He said Sudan is now producing no oil, increasing the demand for foreign currency to finance energy imports, particularly as oil prices have doubled.

The Finance Minister added that the war continues to consume a very large share of the country’s available resources. He also noted that government spending in Port Sudan is different from that in Khartoum.

He explained that the return to Khartoum has required huge sums to restore normal life and rehabilitate public facilities, resulting in increased borrowing from the banking system.

Ibrahim stressed that the government is now focused on enabling citizens to earn their livelihoods through their own work and on increasing reliance on domestic production.

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