About: http://data.cimple.eu/news-article/69c77562e1eee258eece566698d1018c6bded21b2115d220d277b9a5

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About: http://data.cimple.eu/news-article/69c77562e1eee258eece566698d1018c6bded21b2115d220d277b9a5 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Sudan's government on Wednesday said it will devalue its currency due to a huge budget deficit and an economic crisis aggravated by the coronavirus pandemic. "State revenues have dropped by 40 percent and this has created a huge deficit in the budget," acting Finance Minister Hiba Mohammed said in a statement released by the government. "The government must take urgent measures and change the official rate of the (Sudanese) pound," she added. The pound's official rate is 55 to the US dollar, compared to 140 on the black market. Sudan's transitional government has grappled with an acute economic crisis since its formation last year following the army's ouster of veteran dictator Omar al-Bashir amid huge street protests. Annual inflation reached 136 percent in June and that same month tens of thousands of protesters flooded the streets of Khartoum and other cities to demand economic reform. The country's economic woes have seen citizens queue for hours to buy essential foods and fuel. "The government must take the necessary measures to mitigate the effect of the coronavirus pandemic" on the economy, Mohammed said. On Sunday the UN made an urgent appeal for $283 million to help Sudan tackle the coronavirus pandemic and its economic consequences, warning that millions could face hunger. "COVID-19 arrived in Sudan at a time when an increasing part of the population was already struggling to meet their basic needs and the health system was already under extreme stress," the UN's Sudan humanitarian coordinator Gwi-Yeop Son said on Sunday. "Unless we act now, we should be prepared for a series of human tragedies," she said. Sudan has officially registered more than 11,000 cases of the COVID-19 illness and 706 deaths. ab/sk/hkb/dwo
schema:headline	Sudan says to devalue currency amid huge budget deficit
schema:mentions	Health system Black market Khartoum Government budget balance Finance minister Umar Psychological stress Sudan Pound sterling Dictator Inflation United States dollar United Nations Pandemic Severe acute respiratory syndrome coronavirus 2 Thujopsis Humanitarian Coordinator Currency crisis Financial crisis of 2007–2008
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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