Board of Directors

Board Composition

The Central Bank of Sudan Law 2002 amended in 2012 stipulated the establishment of a board of directors for the Central Bank of Sudan as follows:

1. A board of directors of the bank shall be formed of seven persons as follows:
   • Deputy Governor Members
   • Undersecretary of the Ministry of Finance and National Economy Member
   • Three Sudanese of high qualifications, qualifications and experience appointed by the President of the Republic, as embers.
2. The Council is responsible to the President of the Republic

Functions and Powers of the Council The Council shall have the following functions and powers:

1. Organizing the bank’s policy to achieve its objectives, and managing its public affairs and business on sound bases.
2. Approving monetary policies and determining the exchange rate policies of the national currency on the recommendation of the Governor.
3. Determining the reserve that the bank maintains from time to time in accordance with the provisions of the law (the Central Bank of Sudan Law).
4. Creating and canceling jobs in the bank.
5. Setting regulations for the terms of service of the bank’s employees and holding them accountable.
6. Approval of the budget and final accounts of the bank.
7. Forming a permanent or temporary committee or committees and defining its terms of reference and powers.
8. Issuing an internal regulation to organize its work.
9. Any other competencies or powers that are necessary to achieve the bank's purposes.