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Sudan looks to gold to boost economy, denies smuggling to Russia
By Samah Khater
Voice of America, Washington
Thursday, March 10, 2022
KHARTOUM, Sudan -- Sudan's military rulers this week announced an emergency committee to address the country’s collapsing economy and pointed to its gold mining as a possible boost.
Sudan's ambassador to Russia has denied reports that Moscow has been smuggling gold from Sudan in preparation for sanctions over its invasion of Ukraine. But Sudanese analysts say gold smuggling is rampant, including to Russia.
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State media today said the ruling Sovereign Council's second in command, General Mohamed Hamdan Dagalo, known as Hemeti, met with gold miners who vowed to supply the central bank with gold.
The report came after Hemeti gave a rare press statement this week on efforts to prevent the country's economic collapse.
Sudan's exports dropped 85% in January and prices for everything are quickly rising -- one of the main sparks for the 2019 uprising that led the military to oust former president Omar al-Bashir.
In remarks to media Monday, Hemeti announced an economic emergency committee to address the issues. Among other measures, he pointed to Sudan's gold mining, which amounts to at least 50 tons per year, as a potential solution. ...
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