VOL. XXXI

NO.41

18-JULY-1988

Financial and Banking News

BUDGETS AND REVENUES

Sudanese Prime Minister Rules Out Devaluation

The Sudanese Prime Minister Mr. Sadiq al-Mahdi, has said that Sudan has nointention of devaluing its currency from the current exchange rate of S4.5=$1,but at the same time hopes to reach an agreement with the International MonetaryFund (IMF). The Sudanese Government on 26 June broke off talks with the IMFafter disagreeing over the measures necessary for economic reform,...