Abolish Sudanese Pounds Incase Of Secession: SPLM

The Sudan People’s Liberation Movement SPLM has proposed the termination of the uses of the Sudanese Pound should the South secede from the Sudan.

SPLM Secretary General Pagan Amum told the press last week in Juba that the step is as part of the post- referendum preparations by the South’s ruling political party.

He added that as part of negotiations his party and the National Congress Party (NCP) are to agree on the use of the currency.

“The parties are to agree whether to maintain a currency union for a period of time or separate the currency by each government issuing its own new currency and jointly withdraw the present legal tender in an orderly and agreed upon process”, he said.

The SPLM boss said the currency is currently being managed by the Central Bank of Sudan and its board that represent both interests of the North and South.

He said disillusioning the currency incase South votes for separation will protect the expected scenarios of inflation and negative economic impacts.

Amum said negotiations on economic arrangements with the Government of National Unity (GoNU) are underway, adding that the GoSS and GoNU are negotiating on the areas of natural resources, particularly oil, currency, debts and assets.

“In the event of secession, the North and South are naturally expected to each own exclusively their natural resources as two sovereign states”. He said.

He said negotiating on the mentioned areas will establish good and cooperative relations in the economic field if South Sudan secedes.