CBOS Governor affirms its mandate on state foreign exchange resources

Gms: Khartoum, 3 January 2018 (SUNA)

The Governor of the Central Bank of Sudan Hazim Abdul-Gadir has stressed CBOS mandate on all the State's resources in foreign exchange in accordance with the directives issued by the concerned authorities in the State.


The CBOS governor, speaking at a joint press conference with the Minister of Finance and Economic Planning Tuesday at the Ministry of Information, pointed out to the central bank keenness in coordination with the Ministry of Finance on the stability of the exchange rate and the reform of its distortions, stressing the importance of more flexibility in the exchange rate to reduce those distortions.
Abdul-Gadir said that the CBOS policy for the current year focused on the increase of production to increase exports to contribute to augment the foreign exchange proceeds to cover the gap resulting from the growing demand for the foreign currencies.
The Governor of the Central Bank explained that one of the most important sources contributing to the increase in foreign exchange resources available now was the gold, which the central bank has been working to purchase it from the traditional miner, revealing that the Central Bank has begun to increase its prices to encourage its production and to reduce its smuggling.
Abdul-Gadir touched on the banking facilities granted to the exporters, particularly in the payment methods, referring to the opening of new markets to enable Sudanese goods to compete abroad in order to restore the balance of trade and ease the pressure on the foreign exchange which is currently available.

 


Gms: Khartoum, 20 January 2018 (SUNA)

The Governor of the Central Bank of Sudan Hazim Abdul Qadir said that in the context of the ongoing review and accompanying policies and to facilitate and simplify the calculation of the exchange rate by banks and exchange rates selling houses, the incentive rate was absorbed in the indicative price in accordance with the system of flexible exchange rate for the mechanism of the Central Bank of the exchange rate to govern the change of ranges around the indicative price, which must be followed by banks and exchange rates selling houses and announce their purchase and sale prices within these ranges;  this shows that the Central Bank of Sudan still adopts the managed exchange rate system and has not been converted to another system in the management of the exchange rate.

The minister of animal resources, Bushara Jumma Arro called for mobilizing all efforts for the slogan of "Sudan the food parcel of the world". The ministry plans for organizing a national conference next February for the purpose.

Gms: Khartoum, 19 January 2018 (SUNA)

The Sudan News Agency (SUNA) Regular Forum is due to host on Saturday, January 20, at 12 noon, the Minister of Trade, the Director General of the Sudanese Free Markets and Zones,

The Swedish government has signed a partnership agreement with the UN fund for habitats and development to provide financial aid to Sudan to boost developmental purposes.

Gms: Kosti, 16 January 2018 (SUNA)

Eng. Ahmed Mohamed Yousuf, Director General of the Ministry of Agriculture, Forestry and Irrigation in the White Nile State, confirmed that the winter season crops plantation is going well.