Sudan’s Gold Exporters’ Chamber has appealed to the Central Bank and the government to work hand-in-hand with exporters to harness the country’s vast gold resources as a solution to the war-battered economy.
Chamber head Abdel Moneim al-Siddiq, in a statement Friday, said gold could be the “remedy for the wounds of our economy” if exported transparently. He estimated that the country produces about 65 tons of gold annually—worth more than $7 billion if routed through official channels rather than smuggled or sold illegally.
“We place all our resources and expertise at the disposal of the Central Bank without conditions or expectations,” al-Siddiq said, vowing to support authorities in cracking down on illicit exports. He emphasized that exporters were even prepared to forgo profits if policies helped “mend the fractures” of Sudan’s economy and restore hope to its people.
The gold chamber leader further urged the Prime Minister to establish a fact-finding committee to ensure export revenues are directed into the state treasury, arguing that transparency and accountability were key to economic recovery.
