Current Date:

Tuesday, 14 August 2018

CBOS Allocates One Billion Sudanese Pounds to Encourage Oil Export

Khartoum - The governor of Central Bank of Sudan (CBOS) Abdul Rahman Hassan Abdul Rahman urged the commercial banks to implement the state economic

policies issued by CBOS concerning the attraction of remittances and to providing incentives.
The governor has discussed at the recent meeting with banks general managers the foreign currency policies alongside the arrangement of establishing oil seeds unit by the year 2017.
The managers pledged to support the idea with SDG600 million to encourage oil industry in Sudan; also they agreed to fund the old oil unit with SDG400 million to buy directly from production areas through industrial development bank and other branches.
The ministry of industry has created conducive atmosphere to export oil.