BY: Elsayed Abdalla
The Currency exchange _rate floating considers as emergency route plan for enhancing the economy of states that have deficit on the public budget.
The exchange_ rate floating, is occurred when the Certain government allow the free_ market mechanism to determine the daily rate of exchange based on offers and demand, without interfering of the central bank.
Where, The Sudan transitional government, has just announced, days ago, an economic measures that stipulates on floating the exchange_ rate of Currency of Sudan (pound)(SDG), hoping on bringing the national economy to the safe heaven .we might attribute the Sudan’s decision of floating the exchange _rate by the bravery step, because the procedures hold success and failure.
Meanwhile, the international and regional Community, have welcomed Sudan’s latest Measures regarding the economy reforms .Also, pledge on Supporting Sudan with hard Currency, encourage investors, debts pardon, and hard Currency bank notes.
For instance, The fraternal country, EGYPT, has experienced in floating the Currency, and the end was improvement of the economy, due to the privileges and Support of the friendly states.
It noteworthy, Sudan does not have ample products for export, accumulated debts, shortage in hard currency, few investors and speculator from another side. But by pledge of the allied and friendly states, we would overtakes all obstacles till realize enhancing of the Sudan.