CBoS obliges banks to hand over remittances to expatriates in the same currencies that were transferred

Gms: Khartoum, 31 January 2018 (SUNA)

The Central Bank of Sudan (CBoS) has obliged all banks to hand over expatriate remittances in the same currencies that were transferred to them and it was agreed with the Sudanese Working Abroad Organ to offer some banking incentives for the expatriates.


The Governor of the Central Bank of Sudan Hazim Abdul-Gadir affirmed Monday that the CBoS has issued a number of decisions and guides to pave the way for the private sector and maximize its role in the import of commodities as well as the restrictions for the banks to exploit the available foreign exchange resources according to the foreign exchange usages determined by the regulations issued by the central bank.
As part of the bank's keenness on the resources and wealth of the country and the encouragement of the miners, the Central Bank of Sudan continued to buy all the gold produced at the world prices, which are considered rewarding for the producers in order to reduce the process of smuggling abroad.
The Central Bank Governor pointed out that all these decisions have had a positive effect on the flow of export proceeds. He pointed out that a number of those who banned have adjusted their situation and brought their export proceeds from abroad, adding that CBoS will re-pump them to banks for the purpose of importing essential commodities.
The CBoS governor also said that the decisions issued in the context of the central bank's supervision of foreign exchange transactions in order to enhance foreign exchange resources. He said that the bank would continue with all the concerned parties and the stakeholders to take the necessary decisions to rebalance the foreign exchange market.

 


Gms : khartoum

The commissioner of Bahri Municipality (Khartoum North) witnessed the ceremony of the distribution of health insurance cards for children under five. The manager of the health insurance bureau in the municipality said that the project

Gms: Khartoum, 17 February 2018 (SUNA)

The Minister of Minerals met at his office Thursday with the Ambassador of the State of Venezuela in Khartoum Mr. George Anthony and the Chairman of the Foreign Relations Committee of the Venezuelan Parliament Aldus Munawara.

Gms: Khartoum, 16 February 2018 (SUNA)

The Sudan Minister of International Cooperation Idris Suleiman has stressed the importance of consultation and coordination with the relevant ministries to determine priorities for projects and programs and ways to implement them in the framework of the new grant of the European Union (EU) for Sudan amounting to 60 million Euros.

Gms : Khartoum 15 Feb.2018

The Sudan University for Sciences and Technology celebrates today the 15th of February the graduation of 7,000 of its students. This number includes 2,300 of post graduate students from both sexes and 5,000 BSC and diploma students.

Gms: Khartoum, 15 February 2018 (ST)

The German conglomerate, Siemens on Tuesday has signed an operation and maintenance contract with the Sudanese Thermal Power Generating Company (STPGC).

Member of the managing board of Siemens, Janina Kugel, together with regional and pan African executive management paid a two-day visit to Sudan on Monday.