View Full Version : Non oil exports to exceed $2 billion


kitayabi
April 17th, 2011, 04:23 PM
أكدت النشرة الدورية لبنك السودان المركزي، أن أداء القطاع الخارجي شهد تحسناً نتيجة لارتفاع أسعار البترول عالمياً، وارتفاع حصيلة صادرات الذهب والصادرات غير البترولية، مؤكدة استقرار سعر الصرف وانخفاض الفرق بين السعر الرسمي والسوق الموازي إلى 7%.

وشملت الصادرات غير البترولية، وفقاً لنشرة البنك المركزي الذهب، والكروم، والخردة، والإبل، واللحوم، والجلود، والكركدي، والسمسم، والقطن والصمغ العربي.


واعتبر بنك السودان التحسن دليلاً على أن هناك أثراً إيجابياً لسياسة البنك المركزي في شراء الذهب وإجراءات الضخ السيولي للنقد الأجنبي.


وأشارت النشرة، إلى أن الذهب أصبح يلعب دوراً أساسياً في حصيلة الصادرات السودانية غير البترولية، وأن نصيب الذهب من عائدات الصادر بلغ نسبة 55%، ويتوقع أن تفوق عائدات الصادرات غير البترولية ملياري دولار مع تحسن أداء الصادرات التقليدية.

http://ashorooq.net/index.php?option=com_content&view=article&id=15071&Itemid=24

Non oil exports expected to exceed $2 billion of that 55% will come from Gold

mughtareb
April 17th, 2011, 05:04 PM
The problem with predicting gold revenue is that a large portion of gold mining in Sudan occurs in the informal sector. In other words, its carried out by individual prospectors and not by private or public companies. So its difficult to regulate how those prospectors sell their gold (they could turn to outside markets) or to predict how much they'll actually find. Wasn't there an article on Al-Shorooq recently about government efforts to incite local prospectors to keep the gold within Sudan and to sell it through established channels?

Here's a Reuters article that touches on the subject:
http://af.reuters.com/article/worldNews/idAFTRE73D1GW20110414

A quote from the article:
Over 50 percent of that gold is smuggled out through Sudan's porous borders for sale in Dubai or Beirut

kitayabi
April 17th, 2011, 08:09 PM
The problem with predicting gold revenue is that a large portion of gold mining in Sudan occurs in the informal sector. In other words, its carried out by individual prospectors and not by private or public companies. So its difficult to regulate how those prospectors sell their gold (they could turn to outside markets) or to predict how much they'll actually find. Wasn't there an article on Al-Shorooq recently about government efforts to incite local prospectors to keep the gold within Sudan and to sell it through established channels?

Here's a Reuters article that touches on the subject:
http://af.reuters.com/article/worldNews/idAFTRE73D1GW20110414

A quote from the article:

Yes, the Central Bank's new policy is that it will buy Gold from prospectors at market price and then export to gain hard currency. With this policy there is little point to smuggling Gold abroad as the Central Bank will pay you at market prices in local currency and as virtually all prospectors are Sudanese I doubt they would have an issue with being payed in local currency, so I suspect smuggling to to decrease as their is simply no incentive for it.

However the best solution is that gold mining is taken up by mining companies the government has all ready signed a hundred mining exploration contracts in the past year or so. The reason why the formal sector is better is because private companies will only take a small commission on finds and give the rest to the state as legally the gold is the property of the state. In the informal sector the government has given up trying to claim a share on finds let alone ownership and has settled simply for being able to purchase the gold in local currency for the purpose of export. So the sooner these mining companies get going the better so the state can generate actual revenue from gold not just hard currency, as is occurring now.

kitayabi
April 17th, 2011, 08:16 PM
You know Mughtareb what I find amusing is that when our economy was reliant on Cotton in the 60's we began to refer to our selves as the country of the white gold and when we started producing oil we began to refer to our selves as the country of the Black gold.
But for Millenia we were known as Nubia the land of theGold, lets hope we can again deserve to hold that title:cheers2: