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 Sudanese banks

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updated Tue. April 9, 2019

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The Strategic Reserve Corporation (SRC) of the Agricultural Bank of Sudan (ABS) is attempting to control staple food prices and improve market access ... Over 4,500 South Sudanese refugees arrived in Sudan in February, increasing the number of new arrivals in 2018 to over 10,300 refugees, which is ...
Meeting with banks active in the region. In addition to governments, EU missions can highlight the risk of illicit activity and money laundering in relation to operations in South Sudan or with South Sudanese PEPs through direct meetings with banks. This includes major banks in the region, as well as those ...

Scientists are banking on semen from Sudan to sustain white rhinos. Sudan, who died on Monday at the Ol Pejeta Conservancy, was the world's last male northern white rhino. The 45-year-old rhino died of old-age related complications. Ol Pejeta Conservancy CEO Richard Vigne yesterday told the Star ...
The Sudanese pound has weakened against the dollar in recent months on the black market amid a shortage of hard foreign currency, in turn forcing the central bank to devalue the pound twice this year. Since January, sporadic protests have erupted in Khartoum and some other parts of the country after ...
March 14, 2018 (KHARTOUM) - A Sudanese minister Wednesday said Australia has offered to deposit seven billion dollars in the Sudan central bank and to dedicate four others in the mining industry. Minerals Minister Hashim Ali Salim told reporters following a meeting with President Omer al-Bashir that ...
In recent months, the Central Bank has been trying to steer the money flow into the formal banking system through two sharp devaluations of the local currency (Sudanese pound) since January. The first time its value dropped from 6.7 to 18.7 SDG per dollar in January, then declined to 31.5 per dollar in ...

KARTOUM: The Sudanese news agency announced on Tuesday that the Central Bank of Sudan will receive a $1.4 billion deposit from UAE to support its foreign currency reserves. ... The move was a bid to attract foreign investment but foreign currency remains in short supply in the legitimate Sudanese banking system.
Khartoum — Within the context of the outstanding economic relations between the Sudan and Turkey, an agreement was signed Thursday with a Turkish company to provide banking facilities for the Sudan Central Bank to the tune of two billion dollars to be used to import of petroleum products, wheat, ...
Sudan's central bank has said it agreed a $2 billion loan from a Turkish company to provide banking facilities and to import petroleum products and wheat. ... Khartoum devalued the Sudanese currency to 18 pounds per dollar in January from 6.7, but black market rates soared as high as 40 pounds last ...
Khartoum — Sudan's medical commission will close the doors of all branches effective tomorrow due to the interruption of the medical supplies of yellow fever serum. Dr Mohamed Saad Hashim, the deputy director of medical commission announced stopping work at all branches of the commission as of ...
Many others in Sudan have been having the same experience recently. In the first weeks of 2018, the Sudanese pound devalued rapidly, going from 32 SDG to the dollar to 44 SDG in just a few days. People rushed to withdraw their savings to purchase dollars or gold. The banks responded by quickly ...
The Executive Directors of the African Development Bank concluded a five-day Consultation Mission to Sudan on Tuesday, 15th February 2017 with a ... The mission met with development partners and had a working dinner with a cross section of the Sudanese Businessmen and Employers Federation.
Sudan: Gulf Bank Exerts Efforts to Raise Banking Exchange Volume Between Sudan and UAE ... Shaza pointed out that the Gulf Bank was the product of a UAE-Sudanese partnership that represents an extension of the economic exchange between the two countries, which started decades ago, explaining ...
The Sudanese pound has fell to record lows on the black market this year after is was devalued to 18 per dollar from 6.7 following a call by the International Monetary Fund (IMF), to let the currency float freely. The central bank called on commercial banks for better coordination in order to put the foreign ...
It is a long journey from the capital Juba to reach remote communities on the West Bank of the Nile. First, it takes an early morning flight to Malakal over its large United Nations protection site, then a short hop via helicopter to Kodok, and finally an hour-long ride with the Bangladeshi riverine patrol. The trip ...
This number is expected to boom even further as Sudan's young e-commerce entrepreneurs drive customers out of the shops and into the online ... is a new phenomenon is that we've been allowed to get in touch with the world once again," said Yousif Ahmed El Tinay, CEO of Sudan's United Capital Bank.
The Intergovernmental Authority on Development (IGAD) has warned that the regional body will freeze the bank accounts of any South Sudanese leader found to have violated the ceasefire accord.IGAD's special envoy Ismail Wais made the remarks during the opening session of the UN Security Council ...

Sudan's President Omar Al Bashir addresses the nation during the 62nd Anniversary Independence Day at the Palace in Khartoum, Sudan December 31, 2017. ... In response the government has lowered the official exchange rate of the Sudanese pound to 30 to the dollar, from 18 previously.
Minister Ghandour reiterated Sudan's commitment to continue the implementing the five tracks and called on the US administration to continue its efforts to remove obstacles to money transfers for Sudanese banks, he said. In October 2017, Washington decided to lift economic sanctions on Sudan in line ...
State Minister Finance Abdelrahman Dirar said: "The policy of reducing money circulation has achieved its goal of raising the value of the Sudanese ... On February 8, the Central Bank of Sudan banned any import operations by banks using their own foreign currency without obtaining its prior approval.
Kenyan banks are not deriving value in their regional operations with subsidiaries in volatile South Sudan unlikely to stay viable due to conflict and ... KCB, #ticker:KCB Equity Bank, #ticker:EQTY Stanbic and Co-operative Bank #ticker:COOP have seen their subsidiaries in the troubled country fall on hard ...
To top this all off, the Central Bank of Sudan is issuing new regulations in a rapid-fire manner. Rather than addressing the collective collapse of the Sudanese commercial markets, national currency and banking system, the government's only response has been printing more money. Sudan's former finance ...
The microfinance expert stressed the importance of gradual withdrawing of the central bank and to be replaced by the commercial banks to achieve part of the 15% allocated by the consortia through the financing of institutions to achieve the social dimension of Islamic banks in Sudan. The Banking Expert ...
In an attempt to halt the plummeting Pound on the black market, the Sudanese government raised the customs rate of the US Dollar from SDG 6.7 to an ... On February 8, the Central Bank of Sudan banned any import operations by banks using their own foreign currency without obtaining its prior approval.
Relations between the two nations soured after South Sudan's independence following a series of disputes over a number of issues. In September 2012, both Sudan and South Sudan signed a series of cooperation agreements, which covered oil, citizenship rights, security issues, banking, border trade ...
Last week, the Central Bank of South Sudan said it would inject more U.S. dollars into the economy to prevent further devaluation of the pound. The U.S. dollar now exchanges for 250 South Sudanese pounds, up from 215 South Sudanese pounds a week ago on the black market. Despite the crackdown ...
Sudan: Gulf Bank Exerts Efforts to Raise Banking Exchange Volume Between Sudan and UAE ... Shaza pointed out that the Gulf Bank was the product of a UAE-Sudanese partnership that represents an extension of the economic exchange between the two countries, which started decades ago, explaining ...
The Sudanese pound has fell to record lows on the black market this year after is was devalued to 18 per dollar from 6.7 following a call by the International Monetary Fund (IMF), to let the currency float freely. The central bank called on commercial banks for better coordination in order to put the foreign ...
Sudan's central bank banned 130 import-export companies from all kinds of banking transactions, according to a statement cited by Anadolu Agency. The ban comes in response to the companies' failure to pay their revenues to the Sudanese government, the bank added in its statement. The government ...
The Central Bank of Sudan, which has only a very small amount of foreign exchanged currency (Forex), is reported today to have banned any ... to halt the precipitous slide in the value of the Sudanese Pound, which continues to lose value at an extremely rapid rate because it is not back by hard currency.
Sudan's central bank has significantly weakened the rate at which the country's banks can trade domestic for foreign currency, after carrying out a major devaluation of the currency in January. Central bank governor Hazem Abdul Qader told locally-based reporters on February 4 that it was raising the band ...
UNITED NATIONS, December 22 – In Sudan the UN back on February 5, 2016 moved to give more U.S. dollars to the Bank of Khartoum, from its own staff members' salaries. Inner City Press previously exclusively exposed this outrage, and a UN "reconsideration" ensured. Now UN staff salaries in Sudan are paid in dollars, ...
The deal comes a month after a visit by the Sudanese President Omer al-Bashir to Russia during which a nuclear energy cooperation agreement was signed between the two ... In December 2015, Sudan and Russia signed 14 cooperation agreements in different domains, including oil, minerals and banks.
Fines for wearing trousers and the threat of beatings are being handed to women in Sudan “like traffic wardens issuing parking tickets”, say the authors of a study on the country's ... One interviewee said: “The judge sentenced me to pay 4,000 Sudanese pounds or face six months' imprisonment. “I have no ...
The health committee of the Sudanese Parliament expects an 'impending disaster in the pharmaceutical sector' and announced that foreign ... of the stock of medical supplies, saying that even if the Central Bank of Sudan pays the foreign companies, the medicines will not arrive until three months later.
The Agreement on the Resolution of the Conflict in South Sudan (ARCSS)—facilitated by the Intergovernmental Authority on Development ... After the United States strengthened its unilateral sanctions regime, the Kenyan Central Bank instructed its banks to implement asset freezes that the UN Security ...
The delegation continued the mission with business-to-business meetings with more than fifty company representatives that are members of the Sudanese Businessmen and Employers Federation and the U.S. Sudan Business Council. In a briefing by the Sudanese Central Bank, the Sudanese Bankers ...
But by prohibiting bank transfers to the African nation and placing stringent controls on exports of materials and equipment to the country, the sanctions essentially severed Sudanese science from international partnerships and funding. They also forced scientists in the Sudanese diaspora in the United ...
Khartoum — The Central Bank of Sudan (CBoS) has instructed all banks in Sudan to hand over remittances by Sudanese expatriates abroad in the same currency as the transfer. ... The CBoS says that it has "committed all banks to provide the best banking services to the Sudanese public working abroad".
Khartoum — The Central Bank of Sudan (CBOS) has instructed all banks to hand over expatriate remittances in the same currencies as they have been transferred to facilitate the flow of Sudanese remittances abroad and provide them with distinctive banking services. CBOS announced, in a press circular, ...
At 789 deaths per 100 000 live births, South Sudan has one of the highest maternal mortality rates in the world. ... A recent report entitled 'Trends in Maternal Mortality' by WHO, UNICEF, UNFPA, the World Bank Group and the United Nations Population Division estimates that in 2015 alone around 303 000 ...
The catastrophic conditions that confronts war-torn South Sudan will likely worsen in coming months in the face of government intransigence and ineffective regional ... The panel also pointed to "the continued possibility of armed groups attacking and looting poorly secured Kenyan banks in South Sudan.".
Many working-age South Sudanese have left the labor force, presumably giving up hope of finding a job to sustain their families. And, while waiting for a ... A new World Bank Group report, “Taming the Tides of High Inflation”, discusses policy options to help stabilize South Sudan's economy. The key policy ...
About 2 million South Sudanese have fled the country and another 1.9 million are internally displaced. The economy is estimated to have contracted by 11 percent in the past fiscal year, due to conflict, low oil production, and disruptions to agriculture. The fiscal deficit, inflation, and parallel market premium ...
“ABS requested that work by plaintiff continue based on promises and assurances that payment pursuant to the retainer agreement would be forthcoming,” the complaint continues, abbreviating the name of the Agricultural Bank of Sudan. Once ABS established its coveted relationship with a U.S. banking ...
Bank of Uganda (BOU) and the Central Bank of Sudan have agreed to expand trade and investment between Kampala and Khartoum. ... two central banks in the various areas of cooperation such as payments systems and correspondent banking, capacity building, and other avenues of facilitation of trade ...
This was during a meeting between Bank of Uganda Deputy Governor, Dr Louis Kasekende, and the Governor of the Central Bank of Sudan Hazim ... a memorandum of understanding to guide the two central banks in the various areas of cooperation such as payments systems, correspondent banking, ...
South Sudan has resolved to charge foreign workers running ... are to be cleared with the Central Bank and the ministry with immediate effect.
"The lifting of the sanctions opens up new markets for Sudanese exports." ... The central bank has started pushing Sudan's banks to circulate ...
The banks in Sudan are still unable to accept foreign currency ... On Wednesday, the Sudanese Central Bank announced that two local banks ...


 

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