Sudan further opens gold trade to private sector

Sudan further opens gold trade to private sector

Suspected smuggled gold bars seized from a plane by Sudanese Rapid Support Forces in Khartoum Airport, Sudan May 9, 2019.. Sudan has been trying to crack down on gold smuggling and generate more foreign currency. For years, the central bank had a monopoly on exports, buying gold locally at fixed prices at collection sites nationwide, which led to the illegal trade.. The exporters were also required to sell all foreign exchange export proceeds to the central bank at the official exchange rate, which was at that time about 45 Sudanese pounds to the dollar, equivalent to about half the black market rate.. The official rate has since weakened to 55 pounds to the dollar, while the black market rate has fallen further to 146 pounds.. Qatar Airways will not take new aircraft in 2020 or 2021, CEO says /node/1691206/business-economy. Qatar Airways has ordered tens of billions of dollars of aircraft from the world's two biggest planemakers..