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Former Sudanese finance minister named central bank governor

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March 7, 2011 (KHARTOUM) – The Sudanese president Omer Hassan Al-Bashir tapped a former finance minister to become the new head of the central bank, a day after the position became vacant.

On Sunday, the former governor Sabir Mohamed Al-Hassan announced that he has asked the presidency not to renew his term which expired today.

Al-Hassan was quoted as saying that reasons behind his decision were his age, length of time he spent at his current position saying it affected his health as well his family and social relations. He denied reports that differences with the economic team in the government prompted his move.

President Bashir today met with Al-Hassan and his successor Mohammad Khair al Zubair who was the country’s finance minister in the 90’s.

Sudan official news agency (SUNA) quoted Al-Hassan as expressing gratitude to the support he received from Bashir and his confidence in the ability of his successor.

The new governor faces the daunting task of shoring up the dwindling foreign exchange reserves, stop the downward trend of the Sudanese pound and control soaring inflation rate.

Sudan is set to split into two officially next July after the South chose independence in last January’s referendum. The North stands to lose billions of dollars in revenue from oil produced mostly in the South. Under a 2005 peace accord both sides equally split the proceeds of the exports from the oilfields.

(ST)

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  • 8 March 2011 12:07, by Tariel

    Dear readers,

    The idea of granting Darfur two more states can be interpreted by those with small memory as a political tactic by the NCP to divide the Darfur people. Well, the Darfur people are not united and their disunity is portrayed by their established good for nothing rebel movements. The cause of war always relate to people’s grievances and I think adoption of the two states of Bare el Arab(political manipulated name) and Jebel Mara is a step to solve Darfur conflict and answer the demands of the people there.

    Back to South Sudan, Jonglei state is very huge in fact three times the size of warrap state, so it will be a test of new republic of ROSS if its legislators table the motion in the parliament on possibilities of establishing a new state out from Jonglei.

    Since Jonglei state has thirteen counties, their should be creation of more seven counties to put the number to twenty so that the new state shall go with ten with mother jonglei remaining with ten. The proclamation of new counties and a state in Jonglei shall also provides security the rich diversity of the two to be states.

    Here is the modality composition of the two to be states in Jonglei state; Bor county shall be divided into two as Athoch and Gok counties. Twic East with Maar together with payam of wanglei group together as county(name to be greed upon). Kongor payam shall form a Alith county with Wernyol payam payam. Akobo, Uror, Yirol, waat and Ayod shall also have new counties emerging from them. Pibor is also very large county suitable of producing another county.Duk and Fangak plus boma are satisfied with their current state of being.

    The new state out of Jongelei shalll then be proclaimed basing on geographical privilege. The creation of new state in Jongeli will not only end marginalization of some counties but will also serves as the realization of SPLM project of "Taking towns to people". It shall particularly amount to creations of jobs as services shall be closer to the people.This shall minimize cattle rustling as youth shall get engaged in construction as a result of their acquired jobs.

    I know, Some morons outside there will blindly jump on this website and brand my comment something else, well, my comment is for interest of peace and development in our new country, it has nothing to do with what you are thinking!!

    repondre message

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