In the Name of Allah, the Most Gracious, the Most Merciful

Central Bank of Sudan

Press Statement

As part of the Central Bank of Sudan’s efforts to maintain exchange rate stability through its policies and measures applied under extremely challenging circumstances, the Bank continues its intensive efforts to address the current economic challenges.

In this regard, the Central Bank of Sudan is working to enhance the supply of foreign exchange to cover imports of the strategic commodities list prepared by the Ministry of Trade and Supply, by launching a joint financing portfolio led by Bank of Khartoum with resources amounting to USD 1 billion in foreign currency, operating under the direct supervision and oversight of the Central Bank. This mechanism aims to ensure efficiency in the allocation of foreign exchange. Through integration and coordination among all relevant parties, foreign exchange will be provided to importers through transparent mechanisms.

The Central Bank of Sudan will continue its efforts, in coordination with the portfolio and with regional and international financial institutions, to increase foreign exchange resources to cover the import of other commodities and to obtain commodity loans to help maintain exchange rate stability.

The Central Bank of Sudan will issue a circular to commercial banks clarifying the portfolio’s operating mechanism and certain amendments to import regulations.

The Central Bank reaffirms its firm commitment to carrying out its vital role in managing monetary policy and contributing to achieving economic stability in the country.

We pray for success and guidance, and for security and stability to prevail throughout the nation.

Media Unit
25 July 2024