Sudan floats currency, part of measures to overhaul economy ...Egypt

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CAIRO (AP) — Sudan took the unprecedented but expected step of floating its currency Sunday, meeting a major demand by international financial institutions to help transitional authorities overhaul the battered economy. The flotation is the boldest economic measure taken by the joint military-civilian government that has ruled the African country after a popular uprising. The revolt led to the military’s overthrow of autocrat Omar al-Bashir in April 2019. The country has since been on a fragile path to democracy with daunting economic challenges representing a major threat to that transition. The flotation move could provoke a popular backlash as the price of goods and services rise in respo

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Last updated : 21 February 2021 clock 02:01 PM

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