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Khalid Abdelaziz

Cash runs out in Khartoum as Sudan tries to halt economic crisis

Nov 12 2018

KHARTOUM Many cash machines in the Sudanese capital have run out of banknotes as the government scrambles to prevent economic collapse with a sharp devaluation and emergency austerity measures.

Sudan PM announces 'strict austerity' in emergency economic reforms

Oct 24 2018

KHARTOUM Sudan's Prime Minister Moataz Moussa announced to parliament on Wednesday a 15-month emergency economic-reform plan, including "further strict austerity measures", to begin this month.

UPDATE 2-Sudanese pound strengthens for first time since devaluation

Oct 14 2018

KHARTOUM, Oct 14 The Sudanese pound strengthened to 46.95 to the U.S. dollar on Sunday, bankers said, in the currency's first rise since its steep devaluation a week ago when the government introduced a new mechanism to combat a financial crisis.

UPDATE 2-Sudan sets daily exchange rate at 47.5 pounds per dollar in sharp devaluation

Oct 07 2018

* Expanding money supply weakened currency, fuelled inflation (Adds quotes, colour and background)

UPDATE 3-Sudan to set daily exchange rate, cancel import restrictions -cbank governor

Oct 04 2018

* New body will also set price of gold (Adds new electronic payment program launch)

Sudan reports outbreak of mosquito-borne Chikungunya disease in eastern state

Sep 25 2018

KHARTOUM More than 11,000 people in Sudan's eastern state of Kassala have been infected over the past month by Chikungunya, a debilitating mosquito-borne viral disease, but no deaths have been reported, a Sudanese official said on Tuesday.

RPT-A year after U.S. sanctions ended, Sudan's economy unravels

Sep 17 2018

KHARTOUM, Sept 17 For 22 years Mohamed Mahmoud deposited his law practice's cash in a bank near his Khartoum office. Now, fearful that shrinking limits on withdrawals will mean he can't get his money out, he keeps it in a safe behind his desk.

A year after U.S. sanctions ended, Sudan's economy unravels

Sep 17 2018

KHARTOUM For 22 years Mohamed Mahmoud deposited his law practice's cash in a bank near his Khartoum office. Now, fearful that shrinking limits on withdrawals will mean he can't get his money out, he keeps it in a safe behind his desk.

Sudan names ministers of finance, interior in new government

Sep 13 2018

KHARTOUM Sudan's ruling party named new ministers to the key posts of finance, interior and water resources on Thursday, days after President Omar al-Bashir dissolved the government amid a deepening economic crisis.

Cash-strapped Sudan to form leaner new government in two days

Sep 10 2018

KHARTOUM Sudan will form a new government within two days, President Omar al-Bashir said on Monday, a day after he dissolved the cash-strapped administration and slashed the number of ministries by a third to tackle a deepening economic crisis.

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