Former Sudanese finance minister named central bank governor Article Comments (0) Email PrintSave --------------------------------------------------------------------------------
March 7, 2011 (KHARTOUM) – The Sudanese president Omer Hassan Al-Bashir tapped a former finance minister to become the new head of the central bank, a day after the position became vacant. On Sunday, the former governor Sabir Mohamed Al-Hassan announced that he has asked the presidency not to renew his term which expired today. Al-Hassan was quoted as saying that reasons behind his decision were his age, length of time he spent at his current position saying it affected his health as well his family and social relations. He denied reports that differences with the economic team in the government prompted his move. President Bashir today met with Al-Hassan and his successor Mohammad Khair al Zubair who was the country’s finance minister in the 90’s. Sudan official news agency (SUNA) quoted Al-Hassan as expressing gratitude to the support he received from Bashir and his confidence in the ability of his successor. The new governor faces the daunting task of shoring up the dwindling foreign exchange reserves, stop the downward trend of the Sudanese pound and control soaring inflation rate. Sudan is set to split into two officially next July after the South chose independence in last January’s referendum. The North stands to lose billions of dollars in revenue from oil produced mostly in the South. Under a 2005 peace accord both sides equally split the proceeds of the exports from the oilfields. (ST) -- You received this message because you are subscribed to the Google Groups "JFD info" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/jfdinfo?hl=en.
