SUDAN — broadcast
20260920 203000 UTC
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[00:00:00] We have started for gold are now controlling the size in a big way, gold, Mr.
[00:00:04] Minister, but let's move to
[00:00:10] was in our organized market that attracts gold another report and come back to gold, God willing. Yes.
[00:00:11] talk about this this At a time when the challenges of
[00:00:14] living are increasing, the camera of the "Economy on the Revealed" program
[00:00:17] monitored the opinions
[00:00:21] Therefore, of citizens about the economic situation and the availability of basic
[00:00:24] 20 or 30% back with their reports. We started goods in the markets. The economic war was imposed
[00:00:27] on us from the Emirates
[00:00:29] without documents. Being near and from the militias, from the militias
[00:00:34] State to be close to citizens or in supported by the UAE and other the borders countries. So, we in the Blue Nile State were not affected by
[00:00:38] anything, even though the road was closed to us before, and we were
[00:00:42] living by God's grace. We received displaced people
[00:00:46] and sheltered
[00:00:47] these things were not applied in them in our homes.
[00:00:51] you learned from past mistakes to address
[00:00:52] to have the gold, but it is of all the people of Sudan. They were eating and drinking from the Blue Nile State. The Blue
[00:00:54] and compensates elsewhere. Nile State is full of good things like agriculture,
[00:00:57] grazing, vineyards, and gold. All of this is in
[00:01:00] economics is freedom. the state.
[00:01:02] And you cannot Amidst the citizens' complaints about rising prices and
[00:01:05] their criticisms of some traders because of
[00:01:09] speculation and monopoly, the economic
[00:01:12] question remains linked to the market's
[00:01:15] ability to achieve a balance between the availability
[00:01:19] of goods and their price,
[00:01:23] by controlling people expand in this and the consumer's ability to buy them. We've bought, it's open completely, we've eaten everything
[00:01:26] on it. God had mercy on us.
[00:01:30] They opened it, thank God. Strength
[00:01:33] to the army, may
[00:01:36] an impact? We sometimes hear from God give them strength. The army
[00:01:37] the problems that occurred in for anything, they say, "It's a treasure for us."
[00:01:38] hospitals in Look at this dealer. What's wrong with him? They're running
[00:01:41] is enticing to the citizens. The citizens are very poor.
[00:01:46] have to use quick capsules. Okay. And economic specialists believe
[00:01:49] that addressing the economic
[00:01:53] you provide this war requires the competent authorities to intensify
[00:01:57] to the producer or the buyer
[00:01:57] this field? supervision. I mean, we recommend the Ministry of Finance
[00:02:00] to take some economic measures that include expanding
[00:02:03] the umbrella of health insurance
[00:02:11] that in this
[00:02:15] But in prove that Sudan was suffering from critical stage, the government should take these reforms
[00:02:18] by strengthening
[00:02:20] entered into a bigger problem. Well, in regulatory bodies and enabling
[00:02:23] them to monitor
[00:02:27] the economic path. In this context, the economic
[00:02:32] about the exchange rate, this More among citizens waiving part of its fees on vision intersects with the importance of increasing production because agriculture
[00:02:36] numbering in the represents one of the important pillars for providing
[00:02:39] food and stimulating economic activity, according to
[00:02:42] the Blue Nile State government. The people
[00:02:45] of the Blue Nile also
[00:02:48] taxes imposed on cultivated 4.5 million
[00:02:50] hand. And as you mentioned, feddans. The people who say Sudan is heading for famine, Sudan will
[00:02:52] not have famine. We in the Blue
[00:02:56] this income, and therefore it is Nile have cultivated, and I am
[00:02:58] matters and what you have done in sure, by God, Sennar has also cultivated, and Gadarif. The harvest
[00:03:02] is enough for Sudan. We will not be weak, God willing.
[00:03:07] and has taken a package because you cannot Improving the economic situation remains contingent on achieving
[00:03:10] stability and supporting production. Issam Taha and Mutawakel Al-Jamri,
[00:03:14] Sudan TV for the program "Economy on
[00:03:17] the Revealed."
[00:03:20] other issue, and the problem with Welcome again, Mr. Minister of Finance, Dr. Gibril Ibrahim.
[00:03:23] Before we go to the gold sector and the discussion that
[00:03:26] a number was interrupted, we can comment on the report.
[00:03:31] Finally, this intervention A little while ago, one of the experts
[00:03:33] for goods, and therefore talked about health insurance and social support,
[00:03:35] and certainly people have in mind
[00:03:37] transit
[00:03:38] almost promise a significant decrease the Zakat Chamber and social
[00:03:39] equal to this amount. funds that contribute to alleviating the burden of living on citizens
[00:03:43] in a fundamental way. So, this is one of the fundamental and important questions
[00:03:46] that could... Thank you, before I also move to answering
[00:03:50] this question, let me just complete what
[00:03:54] we were talking about regarding
[00:03:56] all requirements in and millet in the factors that led to the fluctuation in the exchange rate
[00:04:00] of the national currency in recent days. In fact,
[00:04:03] dollar because goods are valued based on it? Why the rebellion managed
[00:04:04] so that citizens can obtain to print
[00:04:12] customs duties, they are either fully exempt of Dr. Nayyir's production very large quantities Al-Jazirah State is one of of the national currency, some of it counterfeit,
[00:04:15] some of it with real plates that were present in
[00:04:18] the Emirates and with a real design.
[00:04:22] They were able to sell this currency
[00:04:31] foreign currency.
[00:04:31] we comment on Yes, and this had a significant
[00:04:35] impact on the exchange rate.
[00:04:38] reach all major markets Besides that, there are
[00:04:43] more and be able to control currency traders' rooms where they speculate at prices where no one actually buys
[00:04:46] a single dollar, but they say, "Now the dollar
[00:04:49] mission is that the state does not work in is 8400, and soon the Ministry of Commerce and Industry. This it will be 8500."
[00:04:52] We reached 9000, and in
[00:04:54] cultivated before in reality, no one buys anything or sells anything, but
[00:04:57] with the intention of causing confusion.
[00:05:01] willing. Okay, in And this confusion is harmful because everyone thinks
[00:05:04] about preserving the value of what
[00:05:06] they own in the
[00:05:09] and this is applied to form of foreign currency or in it serves as a deterrent to others, the form of gold. So it happens.
[00:05:13] And the search for a safe haven for
[00:05:17] their money. This caused or aggravated the damage
[00:05:21] and continuously feeds
[00:05:23] type of panic, leading to the deterioration
[00:05:26] of the national currency's exchange rate. But in reality, there are no
[00:05:30] real purchases and no real sales at the prices being talked
[00:05:34] about. Therefore, the citizen is right when he says
[00:05:37] this is artificial,
[00:05:40] a deliberate act, and groups are working for this
[00:05:43] economic war in addition to
[00:05:46] the military war. This is the aspect we were
[00:05:49] discussing. Let's talk about social support or social protection
[00:05:52] in general in the country. We thank
[00:05:55] God that we have never
[00:05:57] stopped supporting
[00:06:00] pensioners in
[00:06:03] the pension fund continuously, and in
[00:06:06] direct support for citizens
[00:06:09] through
[00:06:11] the Ministry of Human Resources and Social Development.
[00:06:14] More than 460,000 people receive
[00:06:18] direct monthly support during the war. We did not
[00:06:22] stop, or we did not stop paying
[00:06:25] people's salaries, but we also did not stop supporting poor families. It is true that what
[00:06:29] they receive may not be enough,
[00:06:31] but it is very important that
[00:06:35] area. We have not stopped supporting health
[00:06:39] insurance and the additional package in health insurance. And praise
[00:06:42] be to God, the Lord of the Worlds.
[00:06:44] The country is also witnessing a great expansion in health insurance, despite
[00:06:51] different locations. We are
[00:06:54] with social protection and we will expand in that, God
[00:06:58] willing. Before we also enter the gold sector, we are talking
[00:07:01] about what was announced, a while ago, about a portfolio
[00:07:05] for the agricultural sector amounting to 3
[00:07:08] trillion pounds, and this
[00:07:14] with this amount. This is number one. Number two, we used to say
[00:07:18] always, Mr. Minister, when UN reports were issued from the beginning
[00:07:22] of the war until now, that they were biased and always wanted to
[00:07:27] hunger, 25 million citizens suffering from hunger and other
[00:07:31] things. But we always said that
[00:07:35] Sudan will not starve, and Sudan has agricultural
[00:07:38] areas that can compensate for nearly 200 million feddans, and only
[00:07:41] 25 have been exploited. So far, it has the ability to compensate. If there
[00:07:45] were security problems in one area, there were other
[00:07:49] alternatives for compensation. However, the challenges facing
[00:07:52] the current season, after we reassure ourselves about the portfolio issue, the high prices
[00:07:56] of fuel, especially diesel, and production
[00:08:00] inputs, pose a real threat to a very large
[00:08:03] sector in Sudan, which is the agricultural sector. We want to reassure all farmers in all
[00:08:07] of Sudan about these
[00:08:10] the current time. First, the amount
[00:08:14] mentioned is 3 trillion and 100
[00:08:18] billion pounds. More than
[00:08:20] one trillion pounds has been spent so far
[00:08:23] in support of the summer season.
[00:08:27] We are also continuing to support
[00:08:30] the harvest for the summer season,
[00:08:33] and we are very optimistic that there will be no This is what
[00:08:37] was directly supported from
[00:08:41] the portfolio. However, there are also commercial banks that have entered
[00:08:45] into financing agriculture in their own way with very large
[00:08:49] sums of money,
[00:08:52] So, the situation is largely reassuring. We are also
[00:08:55] preparing a large number
[00:08:58] for the winter season, which also ensures
[00:09:01] the second aspect of food. Now we are very busy
[00:09:05] with the production of sorghum
[00:09:08] the areas during the summer season, but we also focus
[00:09:12] on wheat production in the winter season and expanding its production
[00:09:16] to ensure the availability of all production inputs in
[00:09:19] due time. So, financing, God willing, will be
[00:09:22] available for both seasons.
[00:09:26] The government is currently
[00:09:28] concerned with ensuring that citizens can
[00:09:31] eat from their own labor and from their
[00:09:35] rely on aid from abroad. This is our current
[00:09:39] concern, and God willing, we will
[00:09:42] not starve. This is an important point.
[00:09:45] We, by the grace of God, as
[00:09:49] you mentioned, doctor, the production
[00:09:51] of Gadarif during the war year covered
[00:09:55] a very large part of our food needs.
[00:09:58] And the rest of the safe
[00:09:59] states,
[00:10:02] even the people of Kassala in Kassala State cultivated areas they had never
[00:10:07] the previous season, for example. Therefore, thank God, we did not
[00:10:10] starve, and God
[00:10:13] the first half of 2026, the volume of
[00:10:16] exports was 1.8 billion dollars. We have not
[00:10:20] yet reached the levels that match the capabilities
[00:10:23] and resources of our huge natural resources. Gold
[00:10:27] accounted for 1.1 billion dollars,
[00:10:30] which differs from the performance of 2025 or is slightly
[00:10:34] higher. But, Mr. Minister, let us
[00:10:36] sector in a comprehensive way so that
[00:10:40] we can cover all these aspects. Journalists always ask us, "Why hasn't
[00:10:44] gold filled the gap that oil used to fill
[00:10:47] before the secession of South Sudan?" And we
[00:10:50] say that we always
[00:10:53] give an example to make the matter clear to the viewer.
[00:10:57] I tell them, "If an oil well appears in your home,
[00:11:01] does the state leave this well to you?" No, the state
[00:11:04] immediately takes over this matter as a national
[00:11:07] resource, a resource that concerns all the people
[00:11:11] of Sudan. It is the money
[00:11:14] The state takes over this resource
[00:11:19] If we apply this theory to gold, that we transformed
[00:11:23] the traditional sector into an organized sector, because it is
[00:11:26] clear that with the secession of South Sudan and the gap that occurred in foreign currency and in
[00:11:30] oil budget resources, the state released
[00:11:33] artisanal mining, and production became the property
[00:11:37] of the citizen who mined it, and not
[00:11:39] of all the Sudanese people. And if it came to
[00:11:43] the Central Bank, it would have been more beneficial to the economy. But
[00:11:47] 80% of gold production in the traditional sector is smuggled abroad,
[00:11:50] most of it. What are the solutions, in addition to the fact that the traditional
[00:11:54] sector's use of some materials like mercury
[00:11:57] and cyanide in the environment has
[00:12:01] geologists that even surface
[00:12:03] exploration when we use satellites
[00:12:07] in the future to know what is deep
[00:12:11] underground, the land is not flat, and this hinders the process.
[00:12:14] We want a complete vision for gold and limiting its smuggling.
[00:12:18] What measures have you taken in
[00:12:22] I think the question is spot
[00:12:25] on. In many countries, you cannot take
[00:12:29] a kilo
[00:12:33] of sand or a kilo of dirt from
[00:12:36] a mine, considering it state property, considering it state property.
[00:12:40] Sudan, sometimes the blessing
[00:12:44] turns into a curse. I mean, the abundance
[00:12:47] of gold everywhere and on
[00:12:49] the surface led to citizens outstripping
[00:12:52] the government in gold production. And a large
[00:12:56] number of people entered
[00:12:59] this field,
[00:13:01] millions. It became
[00:13:04] a source of income for citizens on the one
[00:13:08] hand, and a source of income, even
[00:13:11] if small, for the state on the other
[00:13:15] at that time, the state was in dire need
[00:13:17] of
[00:13:21] very difficult to stop this matter all at once.
[00:13:26] And certainly, artisanal mining contributes to smuggling
[00:13:31] control it at the level of its widespread
[00:13:35] presence in the organized sector. The organized sector
[00:13:37] is easy to control.
[00:13:41] Now, the focus is entirely on regulating artisanal
[00:13:44] mining, as a first stage, by establishing
[00:13:47] markets, by defining the entry
[00:13:50] and exit points, and by providing
[00:13:53] electronic inspection devices.
[00:13:55] To weigh the vehicles that transport
[00:13:58] the ore, by monitoring the entire
[00:14:02] process, every step. People can
[00:14:05] verify the information by restricting the markets themselves.
[00:14:08] Now there are more than 74 gold markets.
[00:14:12] Now people are trying to reduce
[00:14:15] these markets to a reasonable number,
[00:14:17] and to provide
[00:14:21] the main markets so that miners can
[00:14:25] get their product, and at the same
[00:14:29] time, the state is informed
[00:14:34] of gold on that day, with a specific form
[00:14:38] filled out,
[00:14:41] a copy of which is with the government, with sufficient
[00:14:44] information about this product, the volume of gold in
[00:14:47] his possession. There is currently monitoring of
[00:14:51] every quantity produced in a certain market, for example, where
[00:14:55] it ended up. This has not yet been generalized to all markets, but
[00:14:59] we will gradually
[00:15:04] the product. And if we control the product, we will know
[00:15:08] exactly the quantity produced. Therefore, if
[00:15:12] it does not reach official export channels, we will know whether it is stored
[00:15:16] with the person or
[00:15:19] has crossed the border, and the person who
[00:15:22] smuggled the goods will be held accountable. What prevents the establishment of a gold
[00:15:26] exchange? Since 2012, 2013,
[00:15:29] 2014, the Bank of Sudan report approved
[00:15:33] the establishment of an exchange. In 2016, the Ministry of Minerals studied it and it reached the economic
[00:15:37] sector. During that period, all regulations and laws were approved. What is delaying
[00:15:40] the establishment of an exchange to be an
[00:15:44] internally instead of externally? We started establishing
[00:15:47] the exchange in 2022,
[00:15:50] and we sent delegations to study exchanges in
[00:15:54] Dubai at that time, in Turkey, in Egypt, in several
[00:15:58] countries, and they came
[00:16:01] the project, but the war broke out and
[00:16:09] an exchange for commodities, especially agricultural
[00:16:13] commodities.
[00:16:16] The war destroyed the refinery.
[00:16:19] And when refineries are absent, it is difficult
[00:16:22] to have a gold exchange
[00:16:26] for raw gold. You need
[00:16:29] easy to operate a refinery quickly, and I know that there is a refinery inside
[00:16:33] the refinery now that has not been installed. It is very easy to solve the problem. We are
[00:16:37] just waiting for the refinery to
[00:16:40] resume operation and produce the required
[00:16:43] gold bars, and then we will launch the exchange. The exchange study
[00:16:47] is complete, it is ready.
[00:16:51] We are only waiting for the refineries. And for crops,
[00:16:54] Gadarif market is also ready, and the White Nile
[00:16:57] market. We formed a committee, I think, a few days ago. If
[00:17:01] you followed up, the committee is now working to open
[00:17:05] the exchange very soon, God willing. A commodities
[00:17:31] In light of the economic conditions that the country is experiencing,
[00:17:34] media experts and academics
[00:17:38] have indicated that Al-Jazirah is characterized by stable
[00:17:42] of food supplies, and it has many economic alternatives,
[00:17:46] agricultural projects, and industrial cities. It leads
[00:17:49] the states in addressing economic distortions and solving
[00:17:53] the living crisis. Now, the economic effects
[00:17:57] that people talk about, we consider
[00:18:01] them bubbles intended for
[00:18:04] known goals and purposes.
[00:18:08] than official agencies. Therefore,
[00:18:12] we can say from the heart of Al-Jazirah that
[00:18:15] Al-Jazirah leads the states
[00:18:18] in being the exemplary alternative that
[00:18:22] we emulate by
[00:18:25] addressing the fabricated economic distortions
[00:18:28] according to natural rates on
[00:18:31] the ground. The Ministry of Finance, Economy
[00:18:35] and Labor in Al-Jazirah State confirmed that
[00:18:38] the state has taken the lead in opening markets to alleviate
[00:18:41] living burdens
[00:18:44] of measures to curb speculation in strategic
[00:18:47] goods and currency and rising
[00:18:49] prices. We salute our armed
[00:18:52] forces for these great victories
[00:18:55] they have achieved in various
[00:18:58] operational areas. In fact, the
[00:19:01] state has taken
[00:19:04] of measures for this purpose.
[00:19:07] Perhaps at the beginning, all fees
[00:19:11] and levies on
[00:19:15] goods or even local products in
[00:19:19] Al-Jazirah State were cancelled.
[00:19:22] The government of Al-Jazirah State affirmed that
[00:19:26] among its priorities is caring for people's livelihoods so that
[00:19:29] citizens can enjoy peace, security, and a decent
[00:19:32] life, thanks to the victories led by the armed
[00:19:35] forces and supporting forces in the Battle
[00:19:38] of Dignity. We are truly concerned
[00:19:40] with people's issues, especially our most
[00:19:44] important issues, people's livelihoods.
[00:19:48] the economic and agricultural states that is relied
[00:19:51] upon to solve the living crisis. Al-Hindi Abdul Rahman
[00:19:54] Abu Shamma, Sudan TV,
[00:20:01] Dr. Gibril
[00:20:06] the Revealed." Before
[00:20:09] the report, let's complete the last question in
[00:20:12] the gold sector. Why, Mr. Minister, have there been no
[00:20:15] deterrent sentences against those who allow themselves to
[00:20:19] smuggle the country's wealth abroad? And why has
[00:20:22] the smuggled gold not been confiscated,
[00:20:25] and the means used, which are certainly
[00:20:29] 2025 or 2024 or
[00:20:32] 2026 models, high-value vehicles?
[00:20:35] And subject the person who carried out this operation to severe sentences
[00:20:39] or imprisonment for a long period of time so that
[00:20:46] everyone. The law applies to everyone without any exception
[00:20:50] or influence.
[00:20:51] Why has this not been done? The legislation
[00:20:55] that punishes was updated. There
[00:21:00] legislation evasion and smuggling.
[00:21:03] Until it reaches the borders, the judge considered
[00:21:06] this mere evasion and not smuggling.
[00:21:11] the person who carried the goods
[00:21:14] near the borders was not prosecuted, even if
[00:21:21] was not considered smuggling,
[00:21:24] but rather evasion. And
[00:21:28] we appealed to the Minister of Justice
[00:21:30] and asked him to amend
[00:21:34] the legislation so that possession without documents
[00:21:37] constitutes smuggling,
[00:21:40] and the person who carries
[00:21:43] all precious metals and gemstones without documents is considered
[00:21:47] a smuggler. Now, the legislation
[00:21:51] and consequently the punishment are deterrent. Will
[00:21:54] the application be strict? We hope so. I do
[00:21:58] not control the application, but I hope that the judicial authorities
[00:22:01] will do their part. All police and security
[00:22:05] agencies will do their part to achieve
[00:22:08] what we aim for. The
[00:22:11] other issue is that smuggling
[00:22:14] also evolves with the development
[00:22:17] of combating methods. People have reached the point of smuggling
[00:22:20] with drones. And security agencies must evolve, and agencies must evolve
[00:22:24] more to keep up,
[00:22:28] because gold
[00:22:31] to the other side of the border and to this side.
[00:22:35] Therefore, they exert every effort to achieve
[00:22:39] their goal. The real solution, of course, is that
[00:22:43] incentive
[00:22:47] domestically. I mean, combating smuggling
[00:22:50] through policies more than force. No matter how hard you try,
[00:22:53] Sudan's borders are very wide. Okay, so
[00:22:56] if we talk about the report on discounted
[00:22:59] sales, there are many questions about
[00:23:03] the exchange rate and the dollar. Yes, let's start with discounted
[00:23:06] sales and give us clear information, at least to reassure
[00:23:10] all viewers about the current exchange rate situation.
[00:23:13] And I think we should start with the exchange rate and the message of reassurance, then complete the discounted
[00:23:17] sales. We believe that at the beginning of our discussion
[00:23:22] rate is artificial and has no
[00:23:26] real market. And the rate has declined
[00:23:29] significantly, and there are announcements of the
[00:23:32] availability of large quantities of foreign currencies from the Bank
[00:23:36] of Khartoum, from commitments from other banks,
[00:23:39] commitments from other banks to provide
[00:23:41] sufficient
[00:23:43] credit lines to import
[00:23:47] all strategic goods. Therefore, it is expected
[00:23:50] that demand for the dollar or foreign currency will decrease
[00:23:54] significantly, and consequently, the prices
[00:23:58] of foreign currencies against the national currency
[00:24:01] are expected to gradually fall,
[00:24:05] the unrealistic price, to reasonable prices. The
[00:24:10] prices, is that they
[00:24:12] usually go in one direction, upward, and rarely
[00:24:16] decline. This is a real problem.
[00:24:20] The prices themselves
[00:24:23] no one can
[00:24:26] in prices for all goods. However, the
[00:24:30] state is now making an effort to activate
[00:24:33] cooperatives to provide goods from their sources,
[00:24:36] even though all essential consumer goods have no
[00:24:40] customs duties or have a very low
[00:24:43] percentage, not exceeding 3%. We will review all
[00:24:46] fees that can
[00:24:51] help us provide these goods without fees
[00:24:54] goods at a reasonable price. So, there is
[00:24:58] an effort that will now launch completely in all
[00:25:01] states, in all cooperatives, to provide
[00:25:04] essential goods from their sources without intermediaries so that we can
[00:25:08] provide goods in all neighborhoods. Mr. Minister, I
[00:25:11] think the policy of economic liberalization does not mean chaos,
[00:25:15] certainly. And the state has a role in the policy of economic
[00:25:18] liberalization. Yes, yes. But the method of intervention is
[00:25:22] indirect, not direct intervention by forcing the merchant to sell at a specific
[00:25:25] price. And the indirect intervention is if the state knows the actual
[00:25:29] cost. I always used to call for a cost department in the Ministry
[00:25:33] of Finance, a cost department in the Bank of Sudan, in
[00:25:37] department's primary
[00:25:39] industry, but its primary mission is to scientifically
[00:25:43] measure the cost of producing any commodity domestically or the cost
[00:25:46] of importing it from abroad, just because this information
[00:25:50] is very important for the authorities in the
[00:25:53] state to make sound decisions. When I feel that a certain commodity
[00:25:56] costs 10 or 1000 pounds and is sold for
[00:26:00] 4000 or 5000 pounds, the state here facilitates the flow of
[00:26:04] this commodity to be sold at 1200, 1300, 1500.
[00:26:08] This will force the merchant, not by compulsion, to bring
[00:26:11] down the price to a reasonable level. Moreover, the experience of discounted
[00:26:14] sales has been tried several times, and its failure
[00:26:17] was due to various reasons. We also want a clear
[00:26:21] answer from the Minister to reassure people. One, it should be at least
[00:26:26] cheaper than the market. Two, it should contain goods
[00:26:30] that meet the daily needs of citizens. Three, it should
[00:26:33] be widespread, whether in Khartoum
[00:26:37] other states. Four, there should be a large capital.
[00:26:40] If a large company is entrusted with managing this operation efficiently
[00:26:44] with a large capital, five, continuity. All
[00:26:50] previous experiences. Have
[00:26:53] this matter in the coming period? First, I agree with
[00:26:57] you that the principle in
[00:27:04] impose a specific price on a merchant
[00:27:07] if you do not own it yourself. He bought with his
[00:27:11] money and sells with his money.
[00:27:13] The most effective way is to provide
[00:27:17] fair competition to this merchant and to provide
[00:27:20] goods
[00:27:25] fees and this, to
[00:27:29] reduce the prices of goods, and thus the
[00:27:32] merchant will be forced to sell at
[00:27:35] competitive prices in the market. This is what we strive for. But when
[00:27:38] necessary, the state itself offers the goods
[00:27:41] to compete in the markets. Okay, Mr. Minister, we have eight
[00:27:45] minutes, and we will
[00:27:49] Correct. Why doesn't the state import
[00:27:51] fuel during wartime? And it could have offered fuel at cost or
[00:27:55] at a price 25 to 30% lower than it is
[00:27:58] now. And these quick eight minutes, we will finish all the available
[00:28:06] the state basically relied on free
[00:28:09] trade, from a shortage of petroleum products, and if
[00:28:13] If we had decided that the state is the one that imports
[00:28:16] and provides
[00:28:19] foreign currencies to import goods, we would have
[00:28:23] the current circumstances, many countries have absorbed the shocks
[00:28:26] of Hormuz and Bab el-Mandeb by the state
[00:28:31] fuel. And it forced the private sector to reduce the level
[00:28:35] of profits. Why didn't that happen? In a quick answer, we
[00:28:38] of profits
[00:28:42] that importing entities achieve, and also
[00:28:45] now we are in the stage of reviewing
[00:28:47] some fees or
[00:28:50] gasoline. For example, the three
[00:28:53] commodities: wheat, flour, and sugar, and petroleum products
[00:28:57] amount to approximately 2.2 billion
[00:29:00] dollars, representing 48. 5% of the total imports
[00:29:04] of the state. If the state intervened and controlled some
[00:29:08] of these commodities, a positive change could happen. We asked
[00:29:11] if there is full coordination between the financial
[00:29:14] and monetary policies. Certainly, of course, the Central
[00:29:17] Bank and the Ministry
[00:29:19] of Finance
[00:29:22] work on full coordination with full pace.
[00:29:26] And also, there is coordination at the level of the economic sector, certainly.
[00:29:29] And all issues are discussed, correct.
[00:29:34] directly from the Ministry
[00:29:37] of Finance in the work of the Central Bank does not mean that the Central Bank is an independent body
[00:29:40] and reports directly to
[00:29:43] the head of the Sovereign Council. Yes, okay. There is a continuous complaint from
[00:29:47] importers about the customs dollar. And your opinion, information you announced in the media,
[00:29:50] there is no customs dollar, and I understand
[00:29:53] that commitment to international institutions that the dollar
[00:29:57] rate is unified. But if the main goal was to unify the exchange rate,
[00:30:00] then why when the customs dollar increases, we still go back to the customs
[00:30:06] not reduce the customs category to create a balance and avoid additional burden on the citizen?
[00:30:10] In a quick answer, basically, all basic commodities have no
[00:30:15] from customs duties or with a fee of about 3%
[00:30:18] only. Food and all basic
[00:30:21] commodities. The other thing is, if you try to fix the exchange
[00:30:25] rate of the currency for customs transactions,
[00:30:30] reducing commodity prices. Because the merchant does not sell
[00:30:34] at the official state price, but at the parallel price and at the
[00:30:37] replacement price above the parallel price,
[00:30:41] and thus you are actually achieving
[00:30:45] profits for the merchant
[00:30:49] in exchange for reducing state revenues. You are dealing with
[00:30:52] a private sector that was not dealing, I mean, I don't say
[00:30:56] with full transparency, increasing goods at a rapid pace.