Gold Exporters Call for Unity with Central Bank to Rescue Economy
The head of Sudan’s Gold Exporters’ Chamber, Abdel Moneim al-Siddiq, has urged the Central Bank governor to put aside narrow interests and work in a spirit of cooperation to safeguard the gold sector and support the national economy.
In a statement issued Friday, al-Siddiq noted that Sudan is passing through an “exceptionally complex” period as war continues to cripple its economy. He described gold as a blessing that could serve as a lifeline, saying: “If we can export every gram of gold through official channels, it would be a cure for our ailing economy.”
According to al-Siddiq, Sudan produces roughly 65 tons of gold annually, equivalent to more than $7 billion if exported legally. He pledged the chamber’s unconditional support to the Central Bank in tackling smuggling and illegal trade, which he called “destructive” to the economy.
He also appealed to the Prime Minister to form a fact-finding committee to ensure that all export revenues return to the state treasury, stressing that exporters were ready to sacrifice profits if it meant stabilizing the economy and easing citizens’ suffering.
