Post: #1
Title: Sudan will witness economic cooperation with Arab Gulf countries: Finance Minister
Author: SudaneseOnline News
Date: 04-04-2015, 07:11 PM
06:11 PM Apr, 04 2015
Sudanese Online
SudaneseOnline News-Khartoum Sudan
My Library at SudaneseOnline
Sudan's Finance Minister Badr-Eddin Mahmoud announced on Friday that the coming period would witness a clear improvement in the economic cooperation ties between Sudan and Arab Gulf countries due to participation of the country in Saudi Arabia-led coalition against the Houthi rebels in Yemen.
The exchange price of the Sudanese pound is registering a sudden rise against foreign currencies amid expectations that the country's economy is expected to flourish, local media said Friday.
For three successive days, the value of the Sudanese currency in the local "parallel market," has kept on rising against other currencies, particularly the U.S dollar.
Sudan’s minister expected the exchange rate of the Sudanese pound to further increase against the dollar in the coming period which would bridge the gap between the official exchange rate and that of the parallel one, noting that Sudan's participation in the gulf alliance would achieve remarkable economic benefits for the country.
Sudan is taking part in the Saudi-led Arab alliance against the Houthi group in Yemen in the operation dubbed "Decisive Storm."
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