Sudan Says To Devalue Currency Amid Huge Budget Deficit
Trainee soldiers for a new unified army sit on the ground with their wooden rifles while attending a reconciliation programme run by the United Nations Mission in South Sudan at a makeshift barracks in Mapel on January 31, 2020. TONY KARUMBA / AFPSudan’s government on Wednesday said it will devalue its currency and cut fuel subsidies due to a huge budget deficit and an economic crisis aggravated by the coronavirus pandemic.
Prime Minister Abdalla Hamdok later announced at a news conference that the government would “gradually cut subsidies on petrol and diesel”.Sudan’s transitional government has grappled with an acute economic crisis since its formation last year following the army’s ouster of veteran dictator Omar al-Bashir amid huge street protests.
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