The only Solution is the implementation of the Islamic System by the Khilafah State (Caliphate) On Thursday, 04/10/2018, the Bank of Sudan issued publication No. 9/2018 entitled "The Exchange Rate Mechanism", which was later renamed "The Market Makers’ Mechanism", which canceled 10 previous publications of the Bank and three supplements. The recent publication stipulated establishing an independent exchange rate mechanism of the pound against the other currencies, starting on Sunday 7/10/2018. Its first operation, the mechanism, reduced the value of the pound by 60%, setting the exchange rate of the dollar at 47.5 pounds instead of 29.5 pounds. This comes at a time when the growth of the monetary bloc is increased by 70%, and inflation reached 67%, at the same time the government began to print a 100-pound banknote. The Prime Minister told parliament on Monday 08/10/2018: (The Bank of Sudan re-activated the currency printing press at its maximum capacity, the first batch of four shipments of banknotes printed outside the country will arrive within 48 hours) (Akhbar Al-Youm Newspaper, 09/10/2018). (more…)
