In Sudan Finance ministry scraps subsidy for imported wheat purchases

The rate changed from 4 Sudanese pounds to 6, bringing it in line with the official exchange rate.

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Sudan's finance ministry scraps subsidy for imported wheat purchases play

Sudan's finance ministry scraps subsidy for imported wheat purchases

(Reuters)
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Sudan has scrapped a special U.S. dollar/Sudanese pound exchange rate used for wheat imports, effectively removing a subsidy, the finance ministry said on Monday.

The rate changed from 4 Sudanese pounds to 6, bringing it in line with the official exchange rate.

"Changing the price of wheat's dollar rate comes to remove the damage (resulting from) wheat subsidies," Finance Minister Badr al-Din Mahmoud Abbas told a news conference.

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