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KHARTOUM
Long queues are building up front banks, bakeries and gas stations across Sudan, reflecting ongoing economic hardships facing civilians in Sudan following the ouster of autocrat Omar al-Bashir.
"I still have no change in my life," Kamal Hamid, 47, an employee, told Anadolu Agency.
"My salary is still insufficient to cover my expenses because they are getting high every day and cash is still there," he said.
Hamid, who works in the state-run electricity company, said he spends three hours to get his needs.
"After eight months of the protests that toppled al-Bashir, I don't feel any major change in my life," he lamented. "The economic suffering is still continuing and the prices in the local markets are soaring."
Al-Bashir, who ruled Sudan for 30 years, has been removed from power by the military in April.
Ali Abdul Rahim, a businessman, complained that the economic situation was getting worse in Sudan.
"As a businessman, I am facing many difficulties, especially with the fluctuation of the Sudanese pound against U.S. dollar, ”he said.
He added that despite the change in Sudan, the U.S. sanctions on the country are still and that make business difficult with banking transactions.
Sudan is still on the U.S. terrorism list, making businesses unable to operate dollar transactions.
deterioration
After a short relax after al-Bashir’s ouster, inflation and exchange rates began to worsen again.
Inflation hit above 72% when the protests began against al-Bashir in December. Although it reached 43% in January, inflation began to climb again, hitting 52% in July.
The Sudanese pound continued to plummet against U.S. dollar, with the dollar is exchanged for 80 pounds, up from only 60 pounds in December.
Ahmed Almanouri, a black market trader, said the dropping value of the Sudanese pound against dollar is confusing the entire business in Sudan.
He expected the exchange rate to worsen further as the demand for the U.S. currency is on the rise for importing many basic commodities, especially medicines, wheat and fuel.
"The U.S. "dollar is on rise two to the high demand and the poor income of foreign currency, making the value of pound to go down and create a big uncertainty in the market."
Reform
Mohamed El-Jack, a professor of economy at Khartoum University, said the Sudanese economy is very exhausted and needs to be reformed.
He argued that the rule of the Transitional Military Council (TMC) is creating more problems than money has been spent without specific plans.
He said the $ 3 billion offered by Saudi Arabia and the United Arab Emirates (UAE) to Sudan following al-Bashir's overthrow can help in rebalancing the economy, but it needs to be managed properly.
"The economy is being run by a professional plans put in place by the TMC," he said. "The TMC can not save the national economy from the current deterioration."
He believes that the formation of a new government and the handover of power to a civilian administration "will lead to the endorsement of the reformation of Sudan's deterioration economy".
In an official ceremony Saturday, representatives of the TMC and Forces of Freedom and Change (FFC) hammered out a power-sharing deal.
According to the deal, he will run the country until the elections.
A first ministers, according to the same agreement, will be appointed with the approval of the council on Aug. 20, to be sworn in before the council of the Supreme Court on Aug. 21.
Hamid Eltigani, economics professor at the American University of Cairo (AUC), said the high expenditure of the military and security organs have deeply fatigued the Sudanese economy.
“The former regime was relying on the military machine to repress dissidents; it requires massive spending on armaments and its patronage system, ”he said.
“Today, the focus is on peace-building and peacekeeping. Millions of IDPs, who were productive individuals, now need to return home to be productive again. The government must invest in them. "
He said the coming transitional government should focus on agriculture and other natural resources to re-build the economy.
"Investing in peace is a priority. "He said." Organizing security and military sectors and overhearing the federal system to be efficient and necessary to reduce government spending.
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