By SAMY MAGDY Associated Press CAIRO (AP) — Sudan announced a managed flotation of its currency on Sunday, in an unprecedented but expected step to meet a major demand by international financial institutions to help transitional authorities overhaul the battered economy. The move is the boldest economic measure taken by the joint military-civilian government that has ruled the African country after a popular uprising. The revolt led to the military's overthrow of autocrat Omar al-Bashir in April 2019. The country has since been on a fragile path to democracy with daunting economic challenges representing a major threat to that transition. […]
The post Sudan announces managed currency float to revive economy appeared first on Black News Channel.