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Finance ministry scraps subsidy for imported wheat purchases

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

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"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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