On October 18, Radio Dabanga reported that members of Parliament (MP) had called on the minister of finance and his team to resign over mismanagement of the currency. This latest call comes after news on October 6 that lawmakers from the ruling National Congress Party (NCP) had threatened to withdraw their support for the government due to the faltering economy.
In addition to highlighting what they believe to be the manipulation of the currency, MPs decried the low salaries of employees of the State, which they argue are not enough to cover more than 20% of daily living costs. They called on the government to curb spending on vehicles and real estate and to reduce the country’s diplomatic missions abroad.
The timing of the calls appears strange as there has not been a radical change in the economic environment of late nor signs of wider social unrest related to escalating prices. Indeed, there have been no notable protests in Khartoum since the student uprisings earlier this year.
The MPs said that 30 individuals were involved in the manipulation of the currency (supposedly referring to dealings in the parallel market), but they did not name those responsible nor outline the method used.
The manipulation they refer to is likely a notable reason for the substantial weakening of the Sudanese pound on the parallel market in recent months, which has breached a premium of 163% over the official market rate in September. Most recently, the parallel market rate eased for the first time this year from SP16/$ in mid-September to SP15.5/$ in mid-October.