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Khartoum’s new gold mining operations may alleviate its worsening foreign exchange crisis but they will increase financial instability in the medium term. As the world gold price moves steadily upward, old workings are coming back to life. In Sudan, gold has been mined since the time of the Pharaohs, who shifted from silver and set the first international gold standard

Sudan’s economy is in a bad way since it lost 75% of its oil revenue in its quarrel with South Sudan. This week, it refused to implement September’s agreement to get oil flowing again. As economic conditions decline further – annualised inflation was over 45% last month – and rumours spread that President Omer Hassan Ahmed el Beshir is fatally ill, fissures are opening up in the regime.

(This article contains approximately 1591 words)

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Keywords:

South Sudan, Omer Hassan Ahmed el Beshir, Egypt, Eritrea, Ethiopia, Saudi Arabia, Abdel Bagi Jeilani Ahmed, Kamal Abdel Latif Abdel Rahim, Abdel Rahim Mahmoud Hamdi, Mohamed Tahir Eila, Canadian, United Arab Emirates, Switzerland, Mohamed Kheir el Zubeir, Khartoum courts Arab money, China, United States, Canada, Naguib Onsi Sawiris, French, Morocco, Gabon, Indian, Jordanian, Turkish, Qatari, Bell left banging on the door, Ali Mohamed el Hassan Abarsi, Anis George Haggar, Japan, Daoud Abdel Latif, Usama, South Africa, Ahmed Haj Ali, Germany, Italian, Mohamed el Hassan Osman el Zubeir, Chad, Ghana, Africa Confidential, AC

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