finance & economy

Jibril: Decisions to reform interest rate taken

February 22, 2021

Khartoum, Feb.21 (SUNA) – Minister of Finance and Economic Planning, Dr. Jibril Ibrahim has asserted that we cannot watch our economy collapsing.

The minister outlined in a press conference held, today, at the Council of Ministers Secretariat General said his ministry issued a decision reforming the interest rate and assigned the Central Bank to coordinate with the commercial banks and the exchange companies.

He said the chronic structural imbalances in the national economy represented in the General Budget deficit and the continuous deficit in the balance of payment have led to the unprecedented rise in the inflation rates and the terrible deterioration of the national currency's price against foreign currencies,

“We will be irresponsible if we watch the collapse of our national economy without interference” He stressed

The minister said the decision has inflation impact, but the government took all measures that will lead to stability and improve of the interest rate of the national currency.

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